Finance Minister Nirmala Sitharaman while presenting her eighth consecutive Budget, proposed to launch of National Manufacturing Mission. To promote Make in India, the government will launch the National Manufacturing Mission, which would include small, medium, and big firms.
Under this Mission, the government will provide policy assistance, implementation roadmaps, and governance and monitoring structures for central ministries and states.
In the previous budget also, manufacturing was a prominent issue in the Budget. It was encouraging to note that customs taxes had been reduced in areas such as electronics, capital goods for solar cells and panels, and 25 important minerals, giving additional momentum to the government’s Make in India drive.
( to be updated)