‘Make in India 2.0 to focus on 27 sectors’

The government on Friday said that the second phase of the Make in India campaign is focusing on 27 sectors.

In its year end review, the commerce and industry ministry said that the Department for Promotion of Industry and Internal Trade (DPIIT) is coordinating action plans for 15 manufacturing sectors while the commerce department is coordinating for 12 service sectors.

It also said that DPIIT is working with 24 sectors, including furniture, EV parts electronics, textiles and auto components, to boost domestic manufacturing, increase exports and cut down imports.

Around Rs 47,000 crore of actual investment has been made under the production-linked incentive (PLI) schemes with production/sales of Rs 3.75 lakh crore of eligible products and 250,000 of employment generation, it said.
As per the statement, as on date, 650 applications have been approved under 13 schemes and “106% achievement of actual investment reported versus the corresponding projections of FY22”.

“More than 100 MSMEs are among the PLI beneficiaries in sectors such as bulk drugs, medical devices, telecom, white goods and food processing,” the ministry said in a statement.

It also said that 15 states have developed their logistics policies and the project monitoring group had resolved 69 issues pertaining to 21 private sector projects since January 1, 2022.

Foreign trade

The ministry said that the India-US Trade Policy Forum, which was to be held this year, is now expected in early 2023 in the US and “both sides are working on achieving substantial agenda for the same”.

It said India is actively engaged in bilateral FTA negotiations including in trade in services with the UK, Canada, the EU and Israel.

Bill Okayed

The Union Cabinet has approved a bill to decriminalise minor offences by rationalising related provisions under different ministries to ensure ease of doing business, sources said on Friday. The proposal was mooted by the DPIIT.

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