Press Information Bureau
Government of India
Ministry of Commerce & Industry

30-November-2011 12:09 IST

Measured in terms of Index of Industrial Production (IIP), there has been a moderation in the growth of industrial production in August, 2011 as compared to the corresponding month of the previous year, as given in the table below:- 

Various steps have been taken by the government to boost industrial production which, inter-alia include promotion and facilitation of industrial investment including foreign direct investment, improvement in business environment, development of industrial and other infrastructure through public-private initiatives, development of industry relevant skills etc. Government in November, 2011 also announced a National Manufacturing Policy, which aims at bringing down compliance burden of industry through self-regulation and help industry to become globally competitive.

This information was given by Shri Jyotiraditya M. Scindia, Minister of State for Commerce and Industry in written reply to a question in the Rajya Sabha today.

DS/GK

Industrial production slowdown prompts policy push to boost investment, ease compliance through self regulation and enhance competitiveness. Measured by the Index of Industrial Production, industrial growth moderated in August 2011 across multiple categories. The government responded with policy measures to promote industrial and foreign investment, improve the business environment, develop infrastructure through public private initiatives, invest in industry skills, and announced a National Manufacturing Policy to reduce compliance burdens through self regulation and boost competitiveness.