Make in India 2.0, an upgraded version of the government’s initiative ‘Make in India’, will be announced in a couple of months, with emphasis on sectors in which the country has a competitive edge.
“We are planning to have a revamped version of ‘Make in India 2.0’, which will be focussed on the sectors where we have the competitive advantage,” Department of Industrial Policy and Promotion (DIPP) secretary Ramesh Abhishek told.
“Some of the sectors that are identified are electronic manufacturing, aerospace, pharma, automobile and defence,” he said, adding that more sectors would be added. He also said that in the next two months ‘Make in India 2.0’ will be rolled out, adding that it was a detailed study by CII, which has been used as basis for this initiative.
Eyeing all sectors
The CII study, which is titled ‘Championing manufacturing in India: 2025’, has selected 26 industries among eight sectors — aerospace and defence, auto and auto components, capital goods and engineering, chemicals, steel, pharma, cement, and electronic manufacturing — that have the potential of becoming India’s leading sectors in coming days.
“These sectors are not No 1 or No 2, but they will give us high double-digit growth in the next seven to 10 years,” CII Executive Director Manufacturing Ratika Jain said, adding that they are hoping all the 26 sectors be included in ‘Make in India 2.0’.
Within the auto sector, the study focuses on passenger vehicles, heavy commercial vehicles and auto electronics.
Meanwhile, the industry has welcomed this decision. “I am very happy that they are also focussing on the auto sector, because the automobile sector will contribute significantly to enhance manufacturing as a percentage of GDP,” Toyota Kirloskar Motor Vice-Chairman Shekar Viswanathan said.
Source: deccanherald
