'Made In India' Essential For Strong Manufacturing Sector

A strong manufacturing sector will not only bridge the demand-supply gap leading to price stabilization, but also create millions of jobs and increase incomes for the working class. Above all, it will increase the revenue for government and lead to import substitution to bring down the import bill. 

We will make India a hub for cost-competitive labour-intensive mass manufacturing. To give boost to manufacturing, BJP will:

* Accord high priority to the growth of manufacturing, so that we can create enough jobs in the country. This sector must grow fast to ensure employment and asset creation.

* Take steps for Interest rate rationalization and have a clear tax policy to remove uncertainty and create investor confidence.

* Take all steps; like removing red-tapism involved in approvals, to make it easy to do business, invest in logistics infrastructure, ensure power supply and undertake labour reforms, besides other steps to create a conducive environment for investors.

* Increase the public spending on R&D and Incentivize R&D investments by the industry to increase the competitiveness of the manufacturing sector.

* We will facilitate setting up of software and hardware manufacturing units.

* Encourage Indian companies to go global and we will support Indian companies in this endeavor. We believe that Indian entrepreneurs have the capability to take on global markets.

* Set up trade facilitation to ensure easier customs clearances and visas for business travel.
 * Initiate a Government - Industry Dialogue, a channel for regular interface with the industry.

* MSMEs (Micro, small and medium enterprises)

BJP considers that the role of SME sector is crucial for the economic development of our country. The sector needs to be developed by providing international linkages for exports, availability of credit through a dedicated SME bank, supply chain efficiencies, adoption of IT, support in R&D and innovation, and a policy support for enhancing the mandate to purchase from SME for large scale projects. Overall goal is to enhance the competitiveness of the SME sector leading to a larger contribution to our economic growth and employment generation.