Q.What are the objectives of National Manufacturing Policy?

The National Manufacturing Policy (2011) set out to make manufacturing a growth engine for India by lifting its share of GDP to around 25 per cent, creating about 100 million jobs, improving competitiveness and skills, building special manufacturing zones (NIMZs), and promoting green, sustainable production. This is an AP Intermediate 2nd-year Economics topic on industrial policy.

The National Manufacturing Policy was introduced by the Government of India in 2011 to give a strong push to the manufacturing sector, whose share in national income and employment had remained low. Its main objectives are:

1. Raising the share of manufacturing in GDP to about 25 per cent within a decade, so that industry contributes more to national income.
2. Large-scale employment generation — creating about 100 million additional jobs to absorb the growing workforce and shift people from agriculture to industry.
3. Enhancing global competitiveness of Indian manufacturing through better technology, quality and productivity.
4. Developing National Investment and Manufacturing Zones (NIMZs) — large, well-planned industrial areas with world-class infrastructure, simplified rules and single-window clearances.
5. Skill development — training the workforce in industrial and technical skills to make them employable. …