New Delhi, Apr 18: The government has decided to constitute a high-level Committee on Manufacturing to be headed by Prime Minister Manmohan Singh for implementation and review of initiatives for achieving a sustained growth of 12 per cent in manufacturing.
While the Prime Minister would chair the Committee, the members would include Commerce Industry minister Kamal Nath, Finance Minister P Chidambaram, Minister of the sub-sector concerned; Deputy Chairman Planning Commission Montek Singh Ahluwalia, and Chairman, Economic Advisory Council C Rangarajan, Principal Secretary to Prime Minister T K A Nair and Chairman and National Manufacturing Competitiveness Council (NMCC) V Krishnamurthy as Member/Convenor.
''The Committee would address macro-economic issues impinging on the growth and competitiveness of the manufacturing sector in India, and create a policy framework for necessary reforms covering all the aspects of manufacturing competitiveness. It would also ensure coordination among the various ministries, which deal with manufacturing sub-sectors and review the implementation of time-bound action plans to achieve the objective of 12 per cent growth in manufacturing'', an official release said here.
The Committee would initiate steps to make India a manufacturing hub for areas having potential for global competitiveness such as textiles, automobiles, leather, food processing, steel, metals, chemicals and Petroleum products.
It would ensure robust growth of manufacturing sector through appropriate interventions such as investments in innovation and technology, skill building, right market framework and regulatory environment etc.