MANUFACTURING PROMOTION BOARD OF INDIA (MPBI) STARTS
IN INDIA
The Union Minister
of Commerce and Industry Shri Anand Sharma today called
for accelerating the implementation of National Manufacturing Policy (NMP) and
noted with satisfaction the good progress made by some states in land
acquisition for National Investment and Manufacturing Zones (NMIZ). Speaking to
media persons after chairing the first meeting of Manufacturing
Industry Promotion Board (MIPB), Shri Sharma said: “We had a review of the
stage at which the various NIMZs are; issue which concern the states, issues
which concern the industry, the investors as well as the different departments.
That’s why Secretaries of the various Ministries – Economic Affairs, Surface
Transport, Science & Technology, Revenue, they all were here. And we will
have a review after three months.”
In the meeting it was
noted that the Department of Science & Technology has given its consent to
lodging the Technology Acquisition and Development Fund under the NMP in the
Global Innovation and Technology Alliance (GITA). Since GITA is already
operational, it will facilitate operationalisation of the Technology Acquisition
and Development Fund (TADF) at the earliest.
Shri Sharma asked the
Ministry of Labour to convene another tripartite meeting as already requested
by the Department Of Industrial Policy & Promotion (DIPP) so that a final
decision could be taken on the issue of amendment to
Section 25 FFF (1A) of the Industrial Disputes Act, 1947. The Department of
Revenue was asked to ensure that the dispensation pertaining to relief from
capital gains tax as approved in the NMP, is included in the Direct Tax Code (DTC)
Bill, as was indicated by them.
The Department of Heavy
Industry made a presentation on capital goods. It was decided that the
Department and National Manufacturing Competiveness Council (NMCC) will outline
measures to strengthen the public sector industries in the capital goods sector
in the short and medium term and send their recommendations, which will be
discussed in the next meeting of the MIPB. The
Department of Heavy Industry is to indicate those tariff lines in the capital
goods sector which have substantive domestic manufacturing capacity, but have
suffered for reasons of inverted duty structures or other trade related
measures, so that correctives as appropriate may be put in place.]
The meeting was attended
by Secretary, Industry; Secretary, Department of Economic Affairs; Secretary,
MSME; Secretary, Science and Technology, and senior officials from Environment,
Heavy Industry and States of Andhra Pradesh, Karnataka and Maharashtra.
Chaired by Shri Sharma,
the MIPB has been tasked to periodically review the overall situation of the
manufacturing sector in the country. This includes review of
State-wise/sector-wise performance of the
manufacturing sector. The Board also reviews the implementation of the National
Manufacturing Policy in general and the development of NIMZs, wherever
approved, in particular. High Level inter-ministerial nature of the Board
enables it to resolve co-ordination issues among central ministries on the one
hand and state governments and central ministries on the other.
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