(a)the performance of manufacturing sector in the country during the last
three years and the current year, year-wise and sector-wise;
(b)the details of the confidence building measures undertaken by the
Government during the last three years to boost industrial climate in the
country, year-wise;
(c)whether any blueprint has been prepared to increase the share of
manufacturing sector in GDP of the country in future; and
(d)if so, the details thereof?
MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI NAMO NARAIN MEENA)
(a) Index of Industrial Production (IIP) based performance of manufacturing
sector (Base:2004-05=100) between 2009-10 to 2012-13 (April-September) is
provided as an Annex to this reply.
(b) Several initiatives have been taken by the Government during the last
three years to boost industrial climate in the country. The announcement of
the National Manufacturing Policy (NMP) on 4th November, 2011 is the key
policy action to strengthen the manufacturing sector. The objective of the
NMP is to bring about a qualitative and quantitative change in the
manufacturing sector policy to achieve 12-14 per cent growth over the medium
term. Other measures undertaken by the Government to revive the industrial
growth, inter alia, includes better access to finance for manufacturing
sector, fast tracking of large investment projects, promoting Micro Small
& Medium Enterprises (MSME) sector by way of higher allocation of funds,
enhancing investment in the infrastructure sector by focusing on Public
Private Partnerships, etc. Certain measures taken by the Government
recently to achieve higher growth, inter alia, include liberalisation of
FDI policy in sectors like multi-brand retail, aviation, power and
broadcasting to attract foreign investment, announcing a road map to
achieve fiscal consolidation, reduction in the subsidy on diesel etc.
(c) & (d) The National Manufacturing Policy (NMP) announced by the
Government, inter alia, envisages enhancing the share of manufacturing
in GDP to 25 per cent and creation of additional 100 million jobs by 2022.