The PHD Chamber of Commerce and Industry with the support of SIIDCUl Manufacturers Association (SMA) Haridwar, will hold a meeting of key industry players after the screening the live telecast of Prime Minister Narendra Modi’s address to members of the industrial fraternity on Thursday.
According to PHD Chamber of Commerce and Industry resident director, Uttarakhand, Anil Taneja, “Consequent to a meeting of our the PHD Chamber president Sharad Jaipuria with Department of Industrial Policy and Promotion secretary Amitabh Kant on September 12, we were informed that the PM will be addressing the industry on Thursday at Vigyan Bhawan, New Delhi. The PHD Chamber president has been invited to attend the session at Vigyan Bhawan. We will screen the live telecast of this session at Haridwar which will be followed by a meeting with key industrial figures to discuss the various points proposed by the Department of Industrial Policy and Promotion.”
The PHD Chamber of Commerce and Industry, being an apex body which is active in the States, has been asked for the specific concerns, issues and recommendations to bolster the manufacturing sector in the States. According to Taneja, in this regard, the Department of Industrial Policy and Promotion has identified main pillars for bringing about the desired transformation in manufacturing. These include measures aimed at improving the business environment; strategies for enabling manufacturing; further liberalisation of India’s Foreign Director Investment regime to encourage manufacturing in sectors including defense, construction, civil aviation, and railways; any other macro economic policies.
Simplification of rules and procedures along with de-licensing and deregulation are measures recommended for improving the business environment. Industrial corridors, industrial clusters, smart cities, nurturing innovation, skill development and no defect, no effect policy for providing impetus to high quality and environment friendly manufacturing have been recommended for enabling manufacturing.