Lok Sabha Question No. 4762 (UNSTARRED), answered on 2021-03-24
Subject: Promotion of Manufacturing sector
Ministry: COMMERCE AND INDUSTRY
Asked by: Manne Srinivas Reddy, Komati Reddy Venkat Reddy

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY

## DEPARTMENT FOR PROMOTION OF INDUSTRY AND INTERNAL TRADE

## LOK SABHA

UNSTARRED QUESTION NO. 4762. TO BE ANSWERED ON WEDNESDAY, THE 24 TH  MARCH, 2021.

## PROMOTION OF MANUFACTURING SECTOR

4762.  SHRI MANNE SRINIVAS REDDY: SHRI KOMATI REDDY VENKAT REDDY:

Will the Minister of COMMERCE AND INDUSTRY be pleased to state:

## वाणिज्य  एवं उद्योग मंत्री

- (a) whether  India  has  called  for  more  Governmental  support  for  domestic business  and  stressed  the  need  for  strong  policies  to  foster  and  promote manufacturing in the country;
- (b) if so, the details thereof;
- (c) whether the Government has held the fifth Asia Economic Dialogue 2021;
- (d) if so, the details thereof;
- (e) whether a huge potential for manufacturing exist in India which had not been fostered by the right policies at home till now; and
- (f) if  so, the details thereof along with the progress made and results yielded in this regard?

## ANSWER

## वाणिज्य  एवं उद्योग मंत्रालय में राज्य मंत्री (श्री सोम प्रकाश) THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE & INDUSTRY (SHRI SOM PARKASH)

- (a) & (b): Promotion of manufacturing is influenced by a range of factors. Government is continuously taking steps to boost manufacturing and spur economic  growth,  through  its  initiatives  such  as  Make  in  India,  Startup India, Ease of doing Business, Business Reform Action Plan, Intellectual Property  Rights  (IPR)  Policy  and  sectoral  schemes/programmes.  The Government aims at creating a conducive environment for manufacturing by  streamlining  the  existing  regulations  and  processes  and  eliminating unnecessary requirements and procedures. Further, Foreign Direct Investment (FDI) policy and procedures have been  simplified and liberalized progressively.
- (c) & (d): The  Fifth Asia Economic  Dialogue  (AED)  2021,  co-hosted  by  the Government (Ministry of External Affairs) and Pune International Centre, was  held  virtually    during  26 th -28 th February,  2021.  A  wide  range  of international  speakers  participated  during  the  event.  External  Affairs Minister addressed the inaugural session on 'Resilient Global Growth in a Post-Pandemic World' on 26 February 2021. Foreign Ministers of Australia,  Japan,  Bhutan,  Maldives  and  Mauritius also  participated  at Asia  Economic  Dialogue  2021.  There  were  more  than  1200  unique attendees  and  the  event  had  8  sessions  with  34  speakers  from  13 countries.
- (e) & (f): Keeping in view India's vision of becoming 'Atmanirbhar' and identifying huge potential of India's Manufacturing Capabilities and Exports, an outlay of INR 1.97 lakh crore has been announced in Union Budget 2021-22 for PLI schemes for 13 key sectors for a period of 5 years starting from fiscal year (FY) 2021- 22. These 13 sectors include already existing 3 sectors named (i) Mobile Manufacturing and Specified Electronic Components, (ii) Critical Key Starting materials/Drug Intermediaries & Active Pharmaceutical  Ingredients,  and  (iii)  Manufacturing  of  Medical  Devices and 10 new key sectors which have been approved by the Union Cabinet recently in November 2020. These 10 key sectors are:

(i)  Automobiles  and  Auto  Components,  (ii)  Pharmaceuticals  Drugs,  (iii) Specialty Steel, (iv) Telecom & Networking Products, (v) Electronic/Technology Products,  (vi) White Goods (ACs and LEDs), (vii) Food  Products,  (viii)  Textile  Products:  MMF  segment  and  technical textiles, (ix) High efficiency solar PV  modules, and (x)  Advanced Chemistry Cell (ACC) Battery.

The  PLI  schemes  will  be  implemented  by  the  concerned  Ministries/ Departments  and  will  be  within  the  overall  financial  limits  prescribed. Domestic as well as foreign owned entities are eligible to be beneficiaries of  these  PLI  schemes.    The  PLI  Schemes  are  expected  to  enable  the setting  up  of  a  widespread  supplier  base  for  the  global  champions established  under  the  scheme.  It  will  help  bring  scale  and  size  in  key sectors and create and nurture global champions.

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