Inviting
American companies to take advantage of the vast manufacturing
opportunities in India, a senior government official has said that a
major highlight of the ‘Make in India’ initiative is to use technology
to leapfrog in terms of industrial growth.
Amitabh
Kant, Secretary, Department of Industrial Policy and Promotion (DIPP),
on Tuesday urged US industry to take advantage of the vast opportunities
in the various sectors identified under ‘Make in India’ to enter India,
make for the domestic market and also export.
India
and the US “must partner on merit and innovation”, Kant said addressing
a meeting of American corporate leadership here organised by the
Confederation of Indian Industry (CII).
The
‘Make in India’ initiative is a key goal of the government to create
millions of jobs for India’s aspirational youth, jump start the
manufacturing economy, which currently contributes only 16 percent to
India’s GDP, he said.
Kant
said e-Business platform, enhancing connectivity through industrial
corridors, and the plan for 100 smart cities are all elements of a
comprehensive plan to take India to a new level of economic growth.
Indian
Ambassador to the US, S Jaishankar, in his keynote remarks applauded
the “strength of purpose and seriousness of intent” of the new
government in India.
He highlighted the new positivity in the US-India bilateral relationship.
Arun
Kumar, US Assistant Secretary of Commerce for Global Markets and
Director General of the US and Foreign Commercial Service, spoke of the
various initiatives already undertaken by the US Department of Commerce
to collaborate with the India with regard to the ‘Make in India’
initiative and to support American companies.
In
particular, he reiterated the US’ willingness to share best practices
with India, through programmes like the Manufacturing Extension
Partnership Network.
The
event was attended by over 200 people from across the US and Indian
private sectors, government agencies, academic institutions, think tanks
and media.
Posted by : Gizmeon
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