‘Make In India’ scheme would be re-evaluated.
What are the priorities?
Following are the priorities:
- Firming up a district-wise industrial investment plan to help boost the share of manufacturing in the country’s GDP.
- Improving India’s economic diplomacy to spur exports and investments.
- Addressing challenges being faced by exporters owing to the Goods and Services Tax.
- Integrating India’s exports into the global supply chain.
- Improving logistics to reduce transaction costs of exporters.
- Bringing out an agricultural export policy.
Reasons for change in priorities and change of plan
- District-wise plan for boosting investments in manufacturing and other sectors.
- Every investor makes their investments in districts, and then base their decisions on factors including the district’s human resources, natural resources and the law and order situation.
- There would be a re-evaluation of the ‘Make In India’ initiative to find out ways to revitalise manufacturing.
- He also called for laying emphasis not only on the ‘Make in India’ initiative but also on ‘Design In India’ for attracting investments.