<h1>Manufacturing policy to reduce compliance burden through self-regulation and promote investment, boosting industry global competitiveness.</h1> Primary policy emphasis is on enhancing industrial growth by creating world-class infrastructure, reducing transaction costs through regulatory mechanisms, promoting and facilitating industrial investment including foreign direct investment, improving the business environment, advancing industrial infrastructure via public-private initiatives, correcting regional imbalances, and developing industry-relevant skills; the Union Budget signals a manufacturing policy to lower compliance burden through self-regulation to raise manufacturing growth and global competitiveness.