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23
May 2018
 |
Industrial Policy (The Total Investment & Insurance Solutions)
The government is expected
to set up an elaborate machinery including a steering committee for effective
implementation of the new industrial policy, to be released soon. The Total Investment & Insurance
Solutions
The proposed industrial policy aims to promote emerging sectors. It would completely revamp the Industrial Policy of 1991.
The machinery may include an industrial policy steering committee and a programme officer, according to sources.
The government is also likely to set up a dedicated office in the commerce and industry ministry to develop a detailed action plan for monitoring, and implementation of the policy. The Total Investment & Insurance Solutions
Similarly, there are plans to set up the same machinery at state level.
"The implementation of the policy could be overseen by a high-level committee to be chaired by the commerce and industry minister. Like the GST (Goods and Services Tax) Council, the committee could have concerned ministers from state governments," a source said. The Total Investment & Insurance Solutions
The proposed industrial policy aims to promote emerging sectors. It would completely revamp the Industrial Policy of 1991.
The machinery may include an industrial policy steering committee and a programme officer, according to sources.
The government is also likely to set up a dedicated office in the commerce and industry ministry to develop a detailed action plan for monitoring, and implementation of the policy. The Total Investment & Insurance Solutions
Similarly, there are plans to set up the same machinery at state level.
"The implementation of the policy could be overseen by a high-level committee to be chaired by the commerce and industry minister. Like the GST (Goods and Services Tax) Council, the committee could have concerned ministers from state governments," a source said. The Total Investment & Insurance Solutions
Commerce and Industry Minister Suresh Prabhu had earlier said the policy aims at modernising the existing industries, reducing regulatory hurdles and encouraging adoption of frontier technologies such as robotics and artificial intelligence. The Total Investment & Insurance Solutions
The ministry in August last floated a draft industrial policy with the aim to create jobs for the next two decades, promote foreign technology transfer and attract USD 100 billion FDI annually.The Total Investment & Insurance Solutions
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