A high level committee chaired by Prime Minister Manmohan Singh on Thursday approved the draft National Manufacturing Policy that seeks to increase the share of manufacturing in the GDP to 25% by 2025 from the current 16%. The policy envisages creation of mega industrial zones with world class infrastructure facilities. The policy will be placed before the cabinet in a month after environment and labour concerns are resolved through inter-ministerial discussions. The draft policy was prepared by the Department of Industrial Policy in consultation with the National Manufacturing Competitiveness Council and the Planning Commission.
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