{"id":11568,"date":"2020-05-05T18:10:24","date_gmt":"2020-05-05T12:40:24","guid":{"rendered":"http:\/\/udaen.info\/?p=11568"},"modified":"2020-05-05T18:10:24","modified_gmt":"2020-05-05T12:40:24","slug":"commerce-ministry-working-to-identify-key-sectors-for-making-india-a-manufacturing-hub","status":"publish","type":"post","link":"https:\/\/udaen.info\/?p=11568","title":{"rendered":"Commerce Ministry working to identify key sectors for making India a manufacturing hub"},"content":{"rendered":"

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\"Piyush1_PTI1\"<\/p>\n

Commerce and Industry Minister Piyush Goyal has recently stated that in the post-COVID era, there is going to a be perceptible change in the global supply-chains, and Indian industrialists and exporters should be looking to capture significant share in the world trade<\/p>\n

“There are 12 champion sectors which can be looked upon. These include modular furniture, toys, food processing like ready-to-eat food, agro-chemicals, textiles like man-made fibres, air conditioners, capital goods, pharma and auto components,” one of the sources said.<\/p>\n

The commerce and industry ministry is working to identify certain key sectors — like capital goods, leather and chemicals — with a view to establish India as manufacturing hub, according to sources.<\/p>\n

Several meetings have taken place with stakeholders, including industry chambers, to identify those sectors which have the potential to become global winners and make India a strong manufacturing hub, the sources said.<\/p>\n

There are 12 champion sectors which can be looked upon. These include modular furniture, toys, food processing like ready-to-eat food, agro-chemicals, textiles like man-made fibres, air conditioners, capital goods, pharma and auto components,” one of the sources said<\/p>\n

Groups and sub-groups have been constituted on the matter by engaging representatives from industry chambers like CII and Assocham.<\/p>\n

The core group would identify specific implementable policy based on issues like technological capability, employment potential, and global as well as domestic demand, they added.<\/p>\n

Commerce and Industry Minister Piyush Goyal has recently stated that in the post-COVID era, there is going to a be perceptible change in the global supply-chains,and Indian industrialists and exporters should be looking to capture significant share in the world trade.<\/p>\n

He has said that the ministry is working on identifying the specific sectors which can be taken forward in the immediate future for the exports purpose.<\/p>\n

Promoting manufacturing will help in creating more jobs and pushing India’s dwindling exports.<\/p>\n

Manufacturing sector contributes about 15 per cent in the country’s economy and the government is aiming to increase it significantly.<\/p>\n

The output of eight core infrastructure industries shrank by a record 6.5 per cent in March due to significant dip in production of crude oil, natural gas, fertiliser, steel, cement and electricity amid the coronavirus lockdown.<\/p>\n

Exports too contracted by a record 34.6 per cent in March on account of the lockdown due to COVID-19 outbreak.<\/p>\n","protected":false},"excerpt":{"rendered":"

  Commerce and Industry Minister Piyush Goyal has recently stated that in the post-COVID era, there is going to a be perceptible change in the global supply-chains, and Indian industrialists and exporters should be looking to capture significant share in the world trade “There are 12 champion sectors which can be looked upon. These include […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[43,29,14],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/posts\/11568"}],"collection":[{"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/udaen.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11568"}],"version-history":[{"count":1,"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/posts\/11568\/revisions"}],"predecessor-version":[{"id":11569,"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/posts\/11568\/revisions\/11569"}],"wp:attachment":[{"href":"https:\/\/udaen.info\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/udaen.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/udaen.info\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}