Govt Sets Up Panel for New National Manufacturing Mission
ECONOMY & POLICY

Govt Sets Up Panel for New National Manufacturing Mission

The government has constituted an inter-ministerial committee, led by Niti Aayog CEO B V R Subrahmanyam, to develop the core blueprint of India’s new national manufacturing mission, an official said. The mission was announced in the Union Budget 2024–25 as part of the renewed push to accelerate the Make in India agenda.

The proposed mission will focus on five key pillars:

Ease and cost of doing business

Future-ready workforce

MSME sector empowerment

Access to better technology

High-quality product standards

It aims to cover all segments—small, medium, and large industries—and is expected to offer policy support, along with a governance and monitoring mechanism for both central and state levels.

Currently, manufacturing contributes about 16–17% to India’s GDP, and the new mission seeks to raise this share. An industry expert said the initiative would enhance competitiveness, foster innovation, and better integrate Indian manufacturing with global value chains.

Background: Make in India Launched in 2014, the Make in India programme was designed to turn India into a global manufacturing hub and create jobs by attracting investment. It prioritises sectors like automobiles, electronics, pharmaceuticals, food processing, and textiles. Reforms under the initiative have included ease of doing business measures, infrastructure upgrades, and investment incentives.

Schemes such as the Production-Linked Incentive (PLI) and Atmanirbhar Bharat Abhiyan have further strengthened the programme by focusing on self-reliance and local manufacturing capabilities.

While successes like a surge in mobile phone manufacturing and rising FDI inflows are evident, experts say regulatory hurdles, infrastructure bottlenecks, and the need for skilled manpower remain key challenges.

The government has constituted an inter-ministerial committee, led by Niti Aayog CEO B V R Subrahmanyam, to develop the core blueprint of India’s new national manufacturing mission, an official said. The mission was announced in the Union Budget 2024–25 as part of the renewed push to accelerate the Make in India agenda. The proposed mission will focus on five key pillars: Ease and cost of doing business Future-ready workforce MSME sector empowerment Access to better technology High-quality product standards It aims to cover all segments—small, medium, and large industries—and is expected to offer policy support, along with a governance and monitoring mechanism for both central and state levels. Currently, manufacturing contributes about 16–17% to India’s GDP, and the new mission seeks to raise this share. An industry expert said the initiative would enhance competitiveness, foster innovation, and better integrate Indian manufacturing with global value chains. Background: Make in India Launched in 2014, the Make in India programme was designed to turn India into a global manufacturing hub and create jobs by attracting investment. It prioritises sectors like automobiles, electronics, pharmaceuticals, food processing, and textiles. Reforms under the initiative have included ease of doing business measures, infrastructure upgrades, and investment incentives. Schemes such as the Production-Linked Incentive (PLI) and Atmanirbhar Bharat Abhiyan have further strengthened the programme by focusing on self-reliance and local manufacturing capabilities. While successes like a surge in mobile phone manufacturing and rising FDI inflows are evident, experts say regulatory hurdles, infrastructure bottlenecks, and the need for skilled manpower remain key challenges.

Next Story
Real Estate

RBI Rate Cut Boosts Confidence Across Housing Market

Industry Context and Market DynamicsThe real estate industry has welcomed the RBI’s rate cut as a timely boost to affordability and demand. With home prices having risen steadily across major markets, even a marginal reduction in interest rates meaningfully strengthens purchasing power, especially for first-time and mid-income buyers.Ashish Jerath, President – Sales & Marketing, Smartworld Developers, observes:“The RBI’s 25-basis-point cut, bringing the repo rate down to 5.25%, is a timely boost for the real estate sector. Lower interest rates reduce borrowing costs, enabling homeb..

Next Story
Infrastructure Transport

BMC Resumes Rs 170 Billion Road Works, Targets 80 per cent By Jan 2026

Following the withdrawal of the southwest monsoon in October, the Brihanmumbai Municipal Corporation (BMC) has restarted work on 645 roads—covering 297.49 kilometres—under its large-scale concretisation programme. Data shows that more than 60 per cent of the resumed works are located in the western suburbs. Officials said the civic body aims to complete concretisation on 80 per cent of the roads where fresh work has begun by January 2026. Launched in 2022, the Rs 170 billion project seeks to concretise 700 kilometres of roads across Mumbai. All civil works were halted during the monsoon ..

Next Story
Infrastructure Urban

India Pushes Digital Shift In Urban Land Mapping

The Department of Land Resources (DoLR) under the Ministry of Rural Development has convened a National Symposium on NAKSHA – the National Geospatial Knowledge-based Land Survey of Urban Habitations – to advance India’s transition to modern, technology-driven land mapping. Speaking at the inaugural session, Secretary Manoj Joshi underscored the urgent need to move revenue departments away from outdated, tape-based methods and rough hand-drawn sketches. He stressed that adopting latitude–longitude-based digital mapping and GIS-linked registration systems is essential for economic stabi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App