Key Points
The Centre will soon assess India's manufacturing prowess through a centralised intelligence unit or a knowledge storehouse and develop key performance indicators on metrics such as value-added, export performance, technological prowess, supply chain effectiveness, labour productivity and access to global market...
The proposed intelligence unit would study the impact of schemes launched by the government aimed at lifting the share of manufacturing in GDP to 25% by 2047 from about 17% currently...
In addition to Production Linked Incentive (PLI) schemes worth 1.97 lakh crore, the government started the Make in India initiative and the Phased Manufacturing Programme (PMP) to boost local production and encourage export substitution...
It would support the Steering Committee for Advancing Local Value-Add and Exports Research Analysis, Programme Implementation, and Data Intelligence Unit (SCALE RAPiD) which comprises representatives from various industry bodies and officials from commerce and industry, and other ministries...
The official cited above said the plan also includes evaluating the impact of policies and schemes aimed at enhancing manufacturing competitiveness, and identifying areas where reforms can be undertaken to lower regulatory burden for promoting ease of doing business..
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