National Manufacturing Policy Current Affairs, GK & News

National Manufacturing Policy

The Planning Commission has recently released the draft of the country’s first ever National Manufacturing Policy. The objective of the National Manufacturing Policy is to boost the country’s share of industrial production, employment; development of world-class infrastructure and investments in India’s manufacturing space. Summary of the National Manufacturing Policy Manufacturing’s share in India’s GDP has ..

AMHUB: India’s first advanced manufacturing hub

The World Economic Forum and Guidance will jointly establish AMHUB in the state of Tamil Nadu. AMHUB is Advanced Manufacturing hub and is first of its kind in the country. Guidance is the nodal investment promotion agency of the state of Tamil Nadu. Highlights AMHUB will help the state in the sectors of solar energy, ..




Technology Acquisition and Development Fund

The National Manufacturing Policy had proposed establishment of a Technology Acquisition and Development Fund (TADF) for acquisition of clean, green and energy efficient technologies. Establishment of this fund was so far in limbo. The NDA Government has recently approved setting up of TADF and the Green Manufacturing Scheme. Some Important Facts: The fund will work ..


Overemphasis on services sector

India’s economy is dominated by the service sector which forms the largest share in GDP.  While the service sector contributes 56%, manufacturing sector contributes only 16% to the GDP, as per 2011 data. The share of services has been increasing over the years while that of manufacturing has stagnated . Even though the government has ..