View: Wanted, a bill to fix Indian manufacturing

View: Wanted, a bill to fix Indian manufacturing

Synopsis

It’s time because this time the government is showing real intent and desire to achieve this goal. From broad initiatives like Make in India and Atmanirbhar to specific policies like PMI that will cost the government lakhs of crores, there is definitely both intent and effort to push Indian manufacturing.

Sometimes, the things that are good for us are the ones people resist the most. Diet and exercise for instance. For a classroom full of kids, a baker distributing pastries is going to be far more popular than a doctor administering bitter medicine. And for voters, a government giving sops is more popular than a government taking tough decisions. However, we must diet and exercise. A doctor is more important than a baker. And a government must make tough decisions.

After decades of disappointing ourselves and the world, I think it is time India took some tough steps to make itself a proper manufacturing hub. It is time because this time the government is showing real intent and desire to achieve this goal. From broad initiatives like Make in India and Atmanirbhar to specific policies like PLI (Production Linked Incentives) that will cost the government lakhs of crores, there is definitely both intent and effort to push Indian manufacturing. These efforts are good. They have and will make some difference. However, we need more. We need a proper extensive Indian Manufacturing Bill to really turn India into a global manufacturing hub.

News Source:- Economic Times

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