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Growth of Organised Manufacturing Production

Dated:- 5-8-2015 - The Index of Industrial Production (IIP) measures performance of industrial sector, including mining, manufacturing and electricity sector at base year 2004-05.The IIP in manufacturing sector measures the performance of organised manufacturing sector. As per IIP, the rate of growth of manufacturing sector was 1.3 %, (-) 0.8 % and 2.3 during 2012-13, 2013-14 and 2014-15 respectively. The Government has taken / is continuously taking measures including administrative and regulat .....

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atives towards this end include pruning the list of industries that can be considered as defence industries requiring industrial license, two extensions of two years each in the initial validity of three years of the industrial license permitted up to seven years, removal of stipulation of annual capacity in the industrial license, and deregulating the annual capacity for defence items for Industrial License. The recent amendments in FDI policy include allowing FDI in Defence up to 49%, in Railw .....

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conditions apply, composite caps on foreign investment have been recently allowed so that uniformity and simplicity are brought in across the sectors in FDI policy for attracting foreign investment. Inter alia, the Government has launched the e-biz Mission Mode Project under the National e-Governance Plan, and is implementing the Delhi Mumbai Industrial Corridor (DMIC) project. In addition, the Government has conceptualized Amritsar Kolkata Industrial Corridor, Chennai-Bengaluru Industrial Corri .....

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