National Industrial Policy on value chain awaiting cabinet approval: Prabhu
6 years, 2 months ago

National Industrial Policy on value chain awaiting cabinet approval: Prabhu

Live Mint  

Mumbai: Union commerce minister Suresh Prabhu on Saturday said that a national industrial policy, aimed to develop global value chains, and to boost India’s manufacturing competitiveness, is awaiting cabinet approval. “Manufacturing cannot happen end to end only in one geography, and it has to be part of a global value chain and global supply chain,” Prabhu said. “That is why we are discussing a new industrial policy which is awaiting Cabinet approval, focusing on how to develop mutually beneficial value chain and supply chains,” Prabhu added. Only a well nourished and healthy nation can be a wealthy nation,” Naidu added, “With value addition, the Indian food processing industry and horticulture have immense scope for expanding footprint.” He said that the policy initiatives taken by the government like its flagship programmes like Make in India, Skill India, Digital India, Smart Cities, Start-up India and Stand-up India would take the Indian economy to $5 trillion mark.

India Chain Naidu Prabhu Value Chain Cabinet Approval  india  event  supply  mumbai  industrial  approval  minister  value  global  cabinet  prabhu  policy  chain  national  awaiting

History of this topic

Indian manufacturing must adapt to constant flux in a dynamic world
3 months ago

Indian manufacturing must adapt to constant flux in a dynamic world

Live Mint  

The global economic landscape is becoming increasingly interlinked and dynamic. Despite multiple shifts, 2023 saw global merchandise exports worth over $24 trillion, an increase of 6% over 2019, demonstrating resilience in the face of disruptions. Focused reforms since then, including the production-linked incentive schemes and ‘Make in India’ initiative, combined with infrastructure development programmes, trade agreements and stronger participation in …

Need to blend commercial considerations with economic priorities, strategic needs: Sitharaman
3 months, 1 week ago

Need to blend commercial considerations with economic priorities, strategic needs: Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman on Wednesday stressed that India Inc.’s commercial considerations should blend with the economy, nation’s priorities and strategic needs. Asking the industry to “realign and reset” itself based on the lessons learnt in the last decade, Ms. Sitharaman said the supply chains should be widespread lest geopolitical risks disrupt it. “Economic and commercial considerations today will have …

Centre may prepare a list of sectors for Chinese investments
7 months, 2 weeks ago

Centre may prepare a list of sectors for Chinese investments

Live Mint  

New Delhi: The Central government may consider preparing a list of sectors and industries where Chinese investments may be allowed, provided these help indigenize manufacturing and do not pose a security risk, two people aware of the matter said. If the idea takes wings, the DPIIT will work with the Union home ministry to gauge the security risk posed by …

Countries need to work together for open supply chains: Piyush Goyal
1 year, 4 months ago

Countries need to work together for open supply chains: Piyush Goyal

Live Mint  

New Delhi: The Global South needs to discuss ways for countries to work together to keep supply chains open, secure, trusted, stable and equitable, commerce minister Piyush Goyal said at the second Voice of Global South Summit in the national capital on Friday. Goyal highlighted that recent disruptions in global supply chains due to the COVID-19 pandemic, climate change, and …

India Global Value Chains Indian Economy Foreign Trade Increase $1.2 Trillion 2030 GTRI Report
1 year, 5 months ago

India Global Value Chains Indian Economy Foreign Trade Increase $1.2 Trillion 2030 GTRI Report

ABP News  

Steps like streamlining port and customs operations, and setting up of national trade network will help Indian firms integrate with global value chains and add USD 1.2 trillion in the country's foreign trade by 2030, according to a report. The Global Trade Research Initiative said that currently, India's limited participation in global value chains hampers its export potential, despite possessing …

News18 G20 Town Hall Highlights: Piyush Goyal Says India Will Be Engine of Global Growth
1 year, 6 months ago

News18 G20 Town Hall Highlights: Piyush Goyal Says India Will Be Engine of Global Growth

News 18  

News18 Town Hall LIVE: Developing Nations Will be The World's Growth Engine in Future, Says Piyush Goyal Speaking at CNN-News18’s Town Hall, Union Minister Piyush Goyal said that developing nations will be the world’s growth engine in future. News18 Town Hall LIVE: India Right Country At Right Time For G20 Presidency, Says British High Commissioner Alex Ellis, British High Commissioner …

How to make in India–and protect economy from supply shocks
2 years, 6 months ago

How to make in India–and protect economy from supply shocks

Live Mint  

NEW DELHI : With the global decline in commodity prices in the last few weeks, domestic inflation rates have begun to ease as well. As the authors of a recent Reserve Bank of India paper note: “The covid-19 pandemic has delivered the biggest and broadest shock to global value chains in living memory, putting at risk trade in intermediate goods …

Goyal Asks Indian Industry To Procure Locally To Fortify Domestic Supply Chains
2 years, 9 months ago

Goyal Asks Indian Industry To Procure Locally To Fortify Domestic Supply Chains

News 18  

Stressing on the Aatmanirbhar Bharat mission, Commerce and Industry Minister Piyush Goyal on Tuesday asked the Indian industry to procure locally wherever there is an opportunity so that domestic supply chains are fortified and become more resilient. “Union Minister for Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Shri Piyush Goyal today asked Indian industry to procure …

India can help change global supply chains: Foreign minister Jaishankar
3 years, 10 months ago

India can help change global supply chains: Foreign minister Jaishankar

Hindustan Times  

Union minister of external affairs S Jaishankar on Thursday spoke on shaping the post-coronavirus era with a specific relevance to the role that Asia would play at the 26th ‘Future of Asia’ Conference organized by Nikkei. Foreign minister S Jaishankar He said among other things coronavirus disease has reshaped the world by changing the perceptions and calculations of nations about …

India must remain a part of global economy, open: Amitabh Kant
4 years, 2 months ago

India must remain a part of global economy, open: Amitabh Kant

The Hindu  

India must remain an integral part of the global economy if it has to grow at 9-10% over the next three decades, NITI Aayog CEO Amitabh Kant said. “If India has to grow at 9-10% over a three-decade period, it must be open, it must be an integral part of the global economy. Mr. Kant further pointed out the government’s …

Little value from global chains
4 years, 2 months ago

Little value from global chains

The Hindu  

O N December 12, in an outburst of suppressed anger, workers employed at a factory assembling iPhones in Narasapura near Bengaluru ransacked its premises and damaged parked vehicles. But the incident highlights certain characteristics of global production value chains and their implications for policies that attempt to expand domestic manufacturing by inserting India into segments of those chains. The low …

Protection from imports time bound, says NITI Aayog Vice-Chairman
4 years, 4 months ago

Protection from imports time bound, says NITI Aayog Vice-Chairman

The Hindu  

Any tariff protection to promote local manufacturing in India will come with an in-built sunset clause, NITI Aayog Vice-Chairman Rajiv Kumar said on Friday, asserting that the country’s self-reliance mission must not be equated to it becoming a ‘protectionist’, closed economy. The government is set to extend the production-linked incentive scheme for manufacturing pharmaceuticals, medical devices and electronics announced under …

India Can Become Trusted Partner in Global Supply Chains: Piyush Goyal
4 years, 7 months ago

India Can Become Trusted Partner in Global Supply Chains: Piyush Goyal

News 18  

The world is looking for trusted partners where there is rule of law, transparency in systems, strong judiciary and democratic traditions, and India can become a key player in global supply chains as it provides all of these, Commerce and Industry Minister Piyush Goyal said on Saturday. He said India has to engage with the world with competitive prices, high …

India’s farm sector needs help to get back on its feet. Here are 5 ideas | Opinion
4 years, 7 months ago

India’s farm sector needs help to get back on its feet. Here are 5 ideas | Opinion

Hindustan Times  

The agriculture sector is critical for India from a consistent growth and food security perspective as the sector and allied activities account for approximately 55% of India’s workforce and nearly 15% of India’s GDP. Soil health card-based nutrition enhancement programme Rampant use of urea, partly caused by Nutrient Based Subsidy, has led to worsening soil health, decline in crop response …

India must try to expand its presence in global value chains: Shringla
4 years, 8 months ago

India must try to expand its presence in global value chains: Shringla

Live Mint  

India must take advantage of the opportunities offered by health security and related supply chains receiving top billing among governments worldwide in the backdrop of the covid-19 pandemic, foreign secretary Harsh Vardhan Shringla said on Tuesday. Self reliance was not about reverting to “economic isolationism” and its “essential aim is to ensure India’s position as a key participant in global …

Why the industrial food chain need not be India’s destiny
6 years, 10 months ago

Why the industrial food chain need not be India’s destiny

Hindustan Times  

In my first piece about the debate between industrial food chain and peasant food web, I had listed the four components for a grassroots food web revolution to take place: No use of chemical fertilisers and pesticides; diversity in seed banks; small landholdings by farmers and growers; and proximity to end consumer markets. If we harness this opportunity, India could …

Making the most of the new industrial policy
7 years, 5 months ago

Making the most of the new industrial policy

Live Mint  

The framing of the new industrial policy should be seen as an opportunity to chart a meaningful path for industry’s role in India’s development. This will need to be addressed by the new industrial policy, else it risks remaining a structural headwind that will continue to weigh on India’s productivity growth going forward. The new industrial policy should aim to …

Discover Related