Govt committed to making India manufacturing hub: Nirmala Sitharaman

Mangalore Today News Network

New Delhi, Sep 25, 2014: The government has been able to change perception of India in last few months, Commerce and industry minister Nirmala Sitharaman said at ’Make in India’ launch event Thursday.

The minister further said validity on industrial licences will be extended to 3 years and the government is now amending number of labour laws.

Sitharaman said a series of measures have been taken on ease of doing business and the government is fully commited to de-licensing, deregulating and taking India to high growth trajectory.

The ’Make in India’ campaign is aimed at making India a manufacturing hub, and the government is pulling out all the stops for ensuring a smooth sailing for investors, by setting up a dedicated cell to answer queries of business entities within 72 hours.

It will also closely monitor all regulatory processes to make them simple and reduce the burden of compliance.

"The government is committed to chart out a new path, wherein business entities are extended red carpet welcome in a spirit of active cooperation.

Invest India will act as the first reference point for guiding foreign investors on all aspects of regulatory and policy issues and to assist them in obtaining regulatory clearances," said an official statement.

 

Courtesy: Zeenews