The CII President, Mr. Ajay S Shriram, welcomed the launch of Make in India (MII) by the Prime Minister, calling it a new deal for India’s manufacturing sector. He said that the initiative to ease procedures and welcome investment into the sector had been taken at the right time. It is the only way to generate employment for the large pool of young people joining the labour force every year. As mentioned by the Prime Minister, the purchasing power of the people can be enhanced and demand created only if they have employment opportunities.
CII endorses the idea that security of investment and consistency in policies are most important for developing the trust of investors. The assurance given by the Prime Minister that the centre and states will work as a team is important for industry. His emphasis on self-certification will go a long way in reducing difficulties for businesses.
The Prime Minister’s emphasis on skill development and mapping of skills to industries is an important endeavour that must be pursued. CII has taken many initiatives in this area and trained many workers with specific skills across sectors by adopting ITIs and developing skill gurukuls.
Another new idea in the PM’s speech was that India is ideally placed to Look East and Link West. This will help products manufactured in India to enter the global value chain. It is interesting that the PM has equated FDI to the notion of First Develop India. Digital India should lead to much better governance that will help India improve its rank in the Ease of Doing Business.
The CII President also welcomed the emphasis on ease of doing business by Commerce and Industry Minister Ms. Nirmala Sitharaman.
The repeated mention of “Ease of Doing Business” is very heartening, since CII has taken this up as its priority in our advocacy with the Government and we are grateful that the Government has been receptive to the various suggestions, said Mr Shriram.