SMEs Join 'Make In India' program | SupportBiz


SMEs Join 'Make In India' program

The Department of Industrial Policy and Promotion (DIPP) has already announced a series of steps to improve ease of doing business in the country and boost manufacturing.

New Delhi: In a bid to expand the ‘Make in India’ program government has included five more sectors like gems and jewellery to boost growth in the manufacturing sector.

It has identified 25 sectors, including pharma, automobiles, textiles, aviation, mining, chemicals, which have potential to make India a leader in their respective fields.

“Five more sectors are expected to be added, including gems and jewellery and SMEs (small and medium enterprises). The aim is to boost manufacturing sector’s growth and increase its share in the country’s GDP,” an official said.

In these sectors, substantial work would be done to identify growth drivers, investment opp-ortunities, FDI policy, sectoral policies and specific reasons to invest. The manufacturing sector now contributes about 16-17 per cent and the government aims to increase it to 25 per cent by 2022. It has also set up an 8-member expert panel for quick redressal of grievances.