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Home arrow News arrow Business News arrow Anand Sharma to chair a Joint Government Industry Task Force
Anand Sharma to chair a Joint Government Industry Task Force Print E-mail
Written by Ganesh   
Thursday, 14 July 2011
New Delhi: The Union Minister of Commerce and Industry, Anand Sharma will chair a Joint Government – Industry Task Force to have a structured format of regular dialogue between industry and govt. At the second tier Secretary DIPP and an Industry representative will co-chair the Task Force.

It will have a group which will have experts, analysts and economists. The decision came after the Minister’s meeting with Confederation of Indian Industry (CII) here today. He will soon meet FICCI delegation to seek their views.

The Minister is engaged in consultation with the Industry on various related issues including FDI inflows, FDI Policy, decline in manufacturing output to take on board industry concerns.

“Dialogue with industry has been taking place but we will put it in a structured format and also to have a similar dialogue in regional headquarters. Some have already taken place in southern India - Chennai, Hyderabad and Bangalore last month and we will do it for the eastern and western region in Kolkata and Mumbai soon” Sharma said.

The Joint Government – Industry Task Force will act as an institutional mechanism between government and industry to monitor and review Industry performance. The Taskforce will be chaired by the Minister and a working group under the DIPP Secretary will also be formed. The Minister also endorsed a structured dialogue with industry across regions. The Minister said that there is a need for government and industry to work in partnership with each other.

The Industry raised the issues of slowdown in capital formation, in mining and in manufacturing. There were concerns regarding credit flow, skill deficit and decline in manufacturing jobs. Industry also raised issue of the hurdles in the way of big ticket investment. The minister said that apart from structured national and regional consultation there is a need for further liberalization of FDI regime.

After the meeting, the Minister informed that the National Manufacturing Policy which has been given in-principal approval by the high level committee chaired by the Prime Minister was discussed at great length. “Some fine tuning that was required with few ministries. A Committee of Secretaries led by the Principal Secretary to the Prime Minister is looking into it. I am sure that the other meetings which will take place within the next 10 days will help us in bringing this to a successful conclusion. Soon we will be in a position to circulate Cabinet note on the National Manufacturing Policy,” Sharma added.

B Muthuraman, President, CII expressed happiness with the interaction and said that the meeting discussed “the problems as to why there has been slowdown over the last few months, what actions have to be taken. We are going to meet on a regular basis.”

"The Minister was extremely open to suggestions and inputs from the CII members, who were present at the meeting and one of the outcomes of the meeting was the formation of the Government – Industry Joint Task Force which would be a nodal body for Industry and Government to work together to ensure that industrial performance and economic environment remain conducive for inclusive growth. This would go a long way in boosting the sentiments and confidence levels in the system. The value of positive sentiments at the present moment cannot be overemphasized," said B Muthuraman.

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