Ways to achieve this

♤ Foreign investments and technologies will be welcomed while leveraging the country's expanding market for manufactured goods.

♤ Competitiveness of enterprises in the country will be the guiding principle in the design and implementation of policies and programmes.

♤ Compliance burden on industry arising out of procedural and regulatory formalities will be reduced through rationalization of business regulations.

♤ The NMP provides for promotion of clusters and aggregation, especially through the creation of national investment and manufacturing zones (NIMZs).

Recently, the government announced that NMP is being modified to align it with initiatives like

’Make in India’ and also Industrial Revolution 4.0, which refers to high end automation.