Amid strong signs of an industrial slowdown, commerce and industry minister Anand Sharma on Wednesday said a cabinet note will soon be prepared to formalise the proposed national manufacturing policy paving the way for creating India’s own versions of China-style mega industrial cities peppered across the country equipped with production units, public utilities, residential areas, schools and hospitals.
“Some fine tuning is required. A committee of secretaries headed by the principal secretary to the Prime Minister is looking into it,” Sharma said during a meeting with senior members of the Confederation of Indian Industry (CII). “Other meetings which will take place within the next 10 days will help us in bringing this to a successful conclusion. Soon we will be in a position to circulate Cabinet note on the policy,” Sharma said.
Sharma will chair a joint task force to have a structured format of regular dialogue between industry and the government.
“Industry is confident that actions will be taken, reforms will be speeded up and I do see positive things,” CII president and Tata Steel vice-chairman B Muthuraman said.