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By 1750 India represented 25% of the world manufacturing and China at 38%........China is now number 1 industrial power with steel production of 730 million tons, and India needs to reach its previous 18th century level in the next few years. This requires vision, ambition and drive.
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Industry lauds PM's clear signals to make India manufacturing, export hub
By Times of India.
Seeking requisite policy
support and implementation measures, the industry on Friday said the
Prime Minister gave clear signals to domestic and global investors to
make India an international manufacturing and export hub.
"We
are now confident that the 'Make in India' and 'Made in India' vision
will be supported by requisite policy and implementation measures for
enhancing the competitiveness of our manufacturing sector," Ficci said in a statement.
It also said the new structure that will replace Planning Commission will provide a concrete direction towards broad-based development and its monitoring.
Improved governance and
trust will help inspire youth and enterprises to work towards the larger
goals of meeting societal needs and aspirations, it added.
Echoing similar views, CII too said the Prime Minister has given high importance to manufacturing and investment.
However, CII said issues related with taxation, including introduction
of the GST, land acquisition, faster approvals, trade policy need to be
addressed to boost the manufacturing sector.
Welcoming the
announcement to replace the Planning Commission, it said creative
thinking is required for building a new India with public private
partnership and optimum utilization of resources and power to the
states.
