NEW DELHI (Commodity Online): In a bid to expand the textiles and steel sectors which are labour intensive and contribute to exports, India?s HLCM or High Level Committee on Manufacturing endorsed a new competitiveness strategy for both the sectors in a meeting held by the Prime Minister of India, Manmohan Singh. Along with these three other areas including civilian aircraft manufacturing would also receive added thrust.
The growth strategy endorsed at the meeting aims at the production of 300 million tons of steel by the middle of the next decade.
Textiles
The goal would be to leverage the strengths we have in cotton and other fibres to enhance employment generation and achieve a greater share in global markets, especially in apparel. The core of the strategy is to facilitate the rapid scaling of competitiveness of the garment segment of the textile sector in the country through a comprehensive package of measures.
Some of the elements of the strategy include having ready availability of work space, having adequate and comfortable housing for workers, having more flexible work timings, leveraging textile clusters and obtaining the best technologies.
An IMG under Secretary (Textiles) will work out the Action Plan in four weeks.
Steel sector
In the short run, pro-active facilitation of projects in the pipeline would be taken up on priority jointly by the Steel Ministry and the new investment facilitation mechanism in the Cabinet Secretariat.
SAIL or Steel Authority of India Limited would leverage its existing infrastructure to substantially expand capacity. It would work out its plans for capacity expansion and production of speciality steels by September 30, 2013. A Master Plan for achieving 300 million tons of production would be prepared.
As the private sector finds it difficult to assemble land and get clearances, the state would assume a pro-active role in partnership with state governments. Project specific SPVs would be floated for identified sites which would assemble land, get necessary approvals and clearances and tie up water and raw materials.
The SPV would then be offered in a transparent manner for takeover by investors through a bidding process. The Steel Ministry would prepare a road map with time lines for the above in 8 weeks.
The meeting was convened to discuss the strategy for boosting competitiveness and output in two important sectors ? textiles and steel ? and for formulating a long term approach in three strategic industries ? civilian aircraft manufacture, electric and hybrid vehicles and advanced materials and composites.
Decisions relating to the short term and long term strategies for the five areas were taken and it was agreed to move ahead on all of them.
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