Special incentives to encourage manufacturing
Special incentives to encourage manufacturing
BHUBANESWAR: The State Government is keen on pushing manufacturing in the non-mineral sector by way of sector specific programmes ..

BHUBANESWAR: The State Government is keen on pushing manufacturing in the non-mineral sector by way of sector specific programmes and special incentives.It is also working on simplification of taxes and processes for the industries in the MSME and manufacturing sectors along with providing access to technology to the enterprises for their better development.The Government has identified non-mineral based industries like paper, food processing, textiles, hardware, IT, steel and aluminium ancillaries and auto components as focus areas which would be key drivers of growth within the next half a decade, IPICOL chairman and managing director CJ Venugopal said on Tuesday.While making taxation processes easy, the Government is planning to build institutions and common facility centres for enabling access to technology and information to the industries, Venugopal said at a seminar on ‘Sustainable manufacturing in Odisha: a way forward’, organised by CII Odisha here. Special thrust is being given to the smaller projects as they have less gestation period in comparison to large projects. Large projects are held up due to multi-departmental process, clearances, opposition at various levels but there is no such constraint for the smaller ones. “The food processing unit of Britannia at Khurda will start operation by April-end, within a year of submitting its application. In contrast, larger projects need many statutory clearances,” he said. The Planning Commission has also recommended formulation of state-specific Manufacturing plans to complement the National Manufacturing Plan (NMP) to be implemented under the 12th Plan. The NMP has set goals for increasing the manufacturing GDP by 2-4 per cent to account for 25 per cent of the national GDP  by 2025. It also envisages increasing the rate of job creation to 100 million additional jobs by the same year.“India’s manufacturing GDP at 15 per cent of the overall GDP is lower than most of the developing countries. With only 12 per cent of the total employment, Indian manufacturing sector seriously lags behind in job creation,” Planning Commission consultant Varoon Raghavan said.The key recommendations under the NMP are strengthening the manufacturing sector through establishment of National Investment Manufacturing zones, cluster coordination, land and water use optimisation with appropriate policies and regulatory authorities, human resource development, technology infusion and improving quality standards to increase global competitiveness, Raghavan said Among others, Chairman, CII Odisha State Council, BL Bagra, Director of Industries KN Khatai and advisor, Industries, Planning Commission Dr Renu S Parmar spoke.

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