Features of the Policy

♤ It aimed to increase manufacturing sector growth to 12-14% over the medium term to make it the engine of growth for the economy and to enable manufacturing sector to contribute at least 25% of the National GDP by 2022.

♤ Increase the rate of job creation in manufacturing to create 100 million additional jobs by 2022.

♤ Creation of appropriate skill sets among the rural migrant and urban poor to make growth inclusive.

♤ Increase domestic value addition and technological depth in manufacturing.

♤ Enhance global competitiveness of Indian manufacturing through appropriate policy support.

♤ Ensure sustainability of growth, particularly with regard to the environment including energy efficiency, optimal utilization of natural resources & restoration of damaged/ degraded eco-systems.