High Level Committee Chaired by PM to Discuss on Manufacturing Policy on 9th June 2011: Anand Sharma Lays Foundation Stone of NMTC & Aeamt at CMTI Bengaluru

The Union Commerce & Industry Minister, Shri Anand Sharma laid foundation stone of Nano-Manufacturing Technology Centre (NMTC) and Academy of Excellence for Advanced Manufacturing Technology (AEAMT) at Central Manufacturing Technology Institute (CMTI) in Bengaluru today. Speaking on the occasion Shri Sharma said that for pursuing “the key policy thrust for our Ministry which has been engaged in providing a greater push to the growth of manufacturing. We have prepared a draft policy document which will be discussed in the High-Level Committee on Manufacturing, to be chaired by Prime Minister on 9th June 2011. The objective of this policy will be to identify key instrumentalities by which we can augment the share of manufacturing in our GDP from 15% to 25% by 2025. This will entail a growth in manufacturing at the rate of 12-14% p.a., which will be able to sustain the momentum of economic growth in the range of 9% and enable the creation of 100 million jobs in domestic industry by 2025”.