12 champion sectors! What Modi government is doing to make India a manufacturing hub - Details revealed

It seems Modi government is leaving no stone unturned to make India a manufacturing hub! According to latest development, the commerce and industry ministry is working to identify certain key sectors -- like capital goods, leather and chemicals -- with a view to establish India as manufacturing hub. Several meetings have taken place with stakeholders, including industry chambers, to identify those sectors which have the potential to become global winners and make India a strong manufacturing hub, news agency PTI reported quoting sources.

12 champion sectors 

There are 12 champion sectors which can be looked upon. These include modular furniture, toys, food processing like ready-to-eat food, agro-chemicals, textiles like man-made fibres, air conditioners, capital goods, pharma and auto components, the reported added.

Groups and sub-groups constituted

Groups and sub-groups have been constituted on the matter by engaging representatives from industry chambers like CII and Assocham. The core group would identify specific implementable policy based on issues like technological capability, employment potential, and global as well as domestic demand, they added.

India to capture significant share post Covid era

Commerce and Industry Minister Piyush Goyal has recently stated that in the post-COVID era, there is going to a be perceptible change in the global supply-chains, and Indian industrialists and exporters should be looking to capture significant share in the world trade. He has said that the ministry is working on identifying the specific sectors which can be taken forward in the immediate future for the exports purpose.

Booster dose for jobs and economy

Promoting manufacturing will help in creating more jobs. Manufacturing sector contributes about 15 per cent in the country's economy and the government is aiming to increase it significantly.