Cabinet note on National Manufacturing Policy moved

• Commerce Ministry has moved the much-awaited Cabinet note on new National Manufacturing Policy which is expected to be in place within a fortnight.
• The National Manufacturing Policy envisages the creation of mega industrial zones with world-class infrastructure facilities in various parts of the country and is expected to generate 100 million jobs. "It will take the share of manufacturing to 25 per cent of the country's GDP by 2020 from the current 15-16 per cent. The sector contributes over 80 per cent to the country's overall industrial production," Commerce Minister said.
• It is likely to be approved within a fortnight paving way for implementation of one of the biggest projects that would revolutionise manufacturing in India
• The policy has also proposed easing of labour and environment laws and sought tax sops for National Manufacturing Investment Zones (NMIZs). These planned big enclaves could even subsume special economic zones.