The Economic Times
English EditionEnglish Editionहिन्दी
| E-Paper
Search
+

    NITI Aayog to soon draft Make in India Electronic Products Policy: Arvind Panagariya

    Synopsis

    According to Panagariya, NITI Aayog is working with states to initiate reforms on the subjects under the state and concurrent lists.

    According to Panagariya, NITI Aayog is working with states to initiate reforms on the subjects under the state and concurrent lists.
    NEW DELHI: NITI Aayog, government’s premiere think tank, will soon come out with an electronics product policy that would focus on ways and incentives to manufacturers to produce in India, much in sync with Prime Minister Narendra Modi’s Make in India initiative. This would also help significantly reduce India’s electronic imports from China.

    “We are poised to soon draft a Make in India Electronic Products Policy after wide consultations with think tanks and industry experts,” says Aayog’s vice chairman Arvind Panagariya in his blog.

    Outlining the achievements of the Aayog in its first year of operation, Panagariya said the Aayog is feverishly working on the first draft of the National Energy Policy and has nearly completed the mid-term appraisal of the Twelfth Five Year Plan.

    Admitting that the expectations from a high-profile institution, regardless of its age, are always high, Panagariya said “Our New Year’s resolution is to build on the work we have begun this past year while also launching new initiatives to make the dream of the Prime Minister a reality.” NITI Aayog was set up in January 2015 to replace the erstwhile Planning Commission.

    The institution had inherited from the erstwhile Planning Commission about 1255 positions of which approximately 800 were actually occupied. However, in view of the mandates of the new institution to be a lean organization, over the last one year the institution has transferred a large number of staff members to other parts of the government with the number of positions in the institution trimmed to 500.

    According to Panagariya, NITI Aayog is working with states to initiate reforms on the subjects under the state and concurrent lists of the Constitution. “An important initiative in this respect has been in the areas of land leasing,” he said, adding that a committee appointed by the Aayog under the chairmanship of economist Tajmul Haque will soon be finalizing a model land-leasing act that interested states may use to create a better framework for land leasing.
    (Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    10 Comments on this Story

    Suvransu sekhar Patra1837 days ago
    Ok..lets see whats in the policy..
    Hemen Parekh1840 days ago
    National Intellectual Property ( NIP )
    Launching of MakeInIndia web site was a great initiative
    It can be made greater if its scope gets expanded to enable millions of SME ( Small Medium Enterprises ) to quickly learn / absorb the best Manufacturing / Management practices of India's most successful companies
    Over 20 / 30 / 40 years , these companies have developed / evolved , some of the best practices in different functional areas , such as :
    * Project Planning / Execution
    * Financing / Fund Raising
    * Long Term Strategy
    * Cost Accounting
    * Capital Budgeting
    * Dealership Network
    * Supply Management
    * Subcontracting / Outsourcing
    * Vendor Development
    * Statistical Quality Control
    * Tendering
    * Human Resource Development
    * Maintenance Management
    * Logistics Planning
    * Salary / Wages Structuring......etc
    In each of these Functional Areas , these Companies have created :
    * Standard Office Procedures
    * Approved Shop Practices
    * Operation Manuals
    * Forms ( Online / Offline )
    * Documentation
    * Software Tools
    * Brochures / Pamphlets
    * Agreements / Contracts
    * Legal Undertakings / Notices
    * Board Resolutions
    * PERT Charts
    * Process Monitoring Graphs......etc
    And which are these " Successful " Companies ?
    * L&T / Reliance / Birla Group / Adani Group / Infosys / Wipro / and hundreds of others
    Can they be persuaded to share these data by uploading on MakeInIndia web site ?
    - for 25 million SME to download / modify and implement in their own
    Anand Raghava Panicker1841 days ago
    A most important and appreciated decision, go ahead......
    The Economic Times