press trust of india
New Delhi, Jan 9: The new industrial policy which seeks to promote emerging sectors will be released within a few months, Commerce and Industry Minister Suresh Prabhu said today.
“The new industrial policy should be releasing in next few months,” he told reporters here.
The proposed policy, the draft of which has been prepared by the ministry, will completely revamp the Industrial Policy of 1991.
Among other things, it would endeavour to reduce regulations and bring in new industries currently in focus.
The Department of Industrial Policy and Promotion (DIPP) in August floated a draft industrial policy with the aim of creating jobs for the next two decades, promote foreign technology transfer and attract USD 100 billion FDI annually.
Prabhu also said that today he chaired a meeting of the task force on artificial intelligence.
The 18-member task force was constituted to explore possibilities to leverage artificial intelligence (AI) for economic transformation.
The ministry said in a statement that after detailed discussions, the members drafted its preliminary recommendations which were discussed at the meeting.
On WTO’s mini-ministerial meet, to be organised by India, he said it will held in March.
PM to meet leading economists today
New Delhi: Prime Minister Narendra Modi will interact with leading economists and sectoral experts tomorrow to deliberate on economic policy roadmap for promoting growth and employment. The meeting, being organised by government think tank NITI Aayog, will be attended by a host of ministers including Finance Minister Arun Jaitley, NITI Aayog functionaries and leading economists. The select group of economists and various sector experts have been invited by NITI Aayog for the deliberations with the prime minister on ‘Economic Policy: The Road Ahead’. According to the statement, the discussion will focus on six broad themes: Macroeconomic Balances, Agriculture and Rural Development, Urban Development, Infrastructure and Connectivity, Employment, Manufacturing and Exports and Health and Education. It further said that the emphasis is on sharing the views of the experts from all over the country on the road ahead for the economic policy to steer the nation towards a New India envisioned by the prime minister.