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        News and Press Release

        Boosting Industrial Production

        November 26, 2014

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        The industrial performance measured in terms of Index of Industrial Production (IIP) reflects movements in production of manufacturing, mining and electricity over base of 2004-05. The IIP in 2013-14 was 172.0 and stands at 171.7 during April-September, 2014-15 over the base of 2004-05. The growth of Manufacturing and Mining sectors of IPP was negative during 2013-14, which has turned positive at 2.0 % and 2.1 % respectively during April-September, 2014-15. The sector-wise details of index and growth rates are given in the table at Annexure.

        The Government is continuously making efforts to boost industrial production in the country. For the creation of conductive business environment, the Government is constantly simplifying and rationalizing the processes and the procedures relating to boosting investor sentiment, and simplifying the Foreign Direct Investment policy. Inter alia, the Government has launched the e-biz Mission Mode Project under the National e-Governance Plan, and is implementing the Delhi Mumbai Industrial Corridor (DMIC) project, and in addition, have conceptualized Amritsar Kolkata Industrial Corridor, Chennai-Bengaluru Industrial Corridor, Bengaluru Mumbai Economic Corridor and the Vizag-Chennai Industrial Corridor (as the first phase of an East Coast Economic Corridor), and setting up of a National Industrial Corridor Development Authority for coordinating and overseeing progress of the various industrial corridors. The Union Budget 2014-15 has also announced a number of administrative and fiscal measures to revive the industrial growth in the country. More recently, the Government has launched a “Make in India” programme with 25 thrust sectors.

        Annexure

        Annexure referred TO in reply to part (a) of Rajya Sabha Unstarred Question No. 332 for reply on 26.11.2014 regarding ‘Boosting industrial production’.

        Table: Indices and Growth Rates of Index of Industrial Production (Base 2004-05=100).

        Sectors

        Annual

        Cumulative

        2013-14

        April-September,

        2014-15

        Index

        Mining

        124.7

        119.9

        Manufacturing

        181.9

        180.1

        Electricity

        164.7

        181.2

        Overall IIP

        172.0

        171.7

        Growth Rate (in %)

        Mining

        -0.6

        2.1

        Manufacturing

        -0.8

        2.0

        Electricity

        6.1

        10.4

        Overall IIP

        -0.1

        2.8

        The information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Rajya Sabha today.

        Industrial growth measures expand investment corridors and business reforms to stimulate manufacturing and electricity sector output. The document reports a modest recovery in the Index of Industrial Production (IIP) for April-September 2014-15 with manufacturing and mining returning to positive growth and electricity showing stronger gains, and describes Government measures-regulatory simplification, FDI policy easing, the e biz project, fiscal and administrative Budget measures, the 'Make in India' programme, and development of industrial corridors-to stimulate industrial production and attract investment.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Industrial growth measures expand investment corridors and business reforms to stimulate manufacturing and electricity sector output.

                                The document reports a modest recovery in the Index of Industrial Production (IIP) for April-September 2014-15 with manufacturing and mining returning to positive growth and electricity showing stronger gains, and describes Government measures-regulatory simplification, FDI policy easing, the e biz project, fiscal and administrative Budget measures, the "Make in India" programme, and development of industrial corridors-to stimulate industrial production and attract investment.





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                                ActsIncome Tax
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