Indias manufacturing sector faces many hurdles
The Dollar Business Bureau India's manufacturing sector continues to face significant hurdles that, in future, will prevent it from achieving government targets and executing its economic potential, says a BMI report. "Weak infrastructure has long served as a drag on India's manufacturing performance. Inefficient national rail networks impede access to coal as well as the delivery of imported raw materials to inland factories," the BMI Research, a Fitch group company, said in a report. The study underscored that the country’s manufacturing sector, along with infrastructure, will have to face myriad regulations which will result in fragmented land and labour markets. “Reforms have stalled in these areas partly due to the government's lack of majority in the upper house," it said. The study suggested Prime ...
Manufacturing remains a challenge for the government: Arun Jaitley
Sachin Manawaria | The Dollar Business A long term vision that strengthens India in the long-term is vital for the success of the Make in India campaign Arun Jaitley, Finance Minister, Government of India, has said that while the government has taken a number of steps to encourage manufacturing in India and improve the ease of doing business in the country, a revival and large scale reforms in the sector remains a challenge. Experts say that India needs to speed up the expansion of its manufacturing base as a direct transition from an agricultural-based economy to a services-based economy could lead to several economic challenges including the widening gap between the rich and the poor and growing unemployment. India has ...
