‘Future-ready’ Industrial Policy to be delayed

Arun S, NEW DELHI ,  OCTOBER 05, 2017

Panel on Artificial Intelligence seeks more time to provide inputs; Govt to hold extensive consultations with stakeholders on the Policy

The new ‘future-ready’ Industrial Policy, slated to be announced this month, will be delayed as a panel on Artificial Intelligence (AI) has sought more time to provide inputs. Besides, the Centre is planning to hold extensive consultations with stakeholders. The Policy will incorporate measures to facilitate the use of modern smart technologies such as AI, Internet of Things (IoT) and robotics, with an aim to make India a global hub for advanced manufacturing.

Asked if the Policy will be brought out this month as announced by the Centre in August, Ramesh Abhishek, Secretary, Department of Industrial Policy and Promotion (DIPP), told reporters on the sidelines of the World Economic Forum's India Economic Summit (WEF-IES) that “It is a very important policy. So we would like to give it enough time.”

Mr. Abhishek did not give any specific deadline for bringing out the Policy. He said among the reasons for extending the time-limit, was the request from the ‘Task Force on AI for India’s Economic Transformation’ (set up by the government in August) seeking more time to provide inputs (for the Policy). The Task Force on AI, chaired by V. Kamakoti of IIT Madras, is "exploring possibilities to leverage AI for development across various fields."

“(With) smart manufacturing being one of the major initiatives in the Industrial Policy, we would like to give them enough time. They are likely to submit their report by November 2017,” Mr. Abhishek said. The government will also carry out extensive consultations with all the stakeholders on the Policy – which will be a “trend-setter and guiding star for the next 10-15 years”, he said, indicating that the Centre was not in a hurry to meet the October-end deadline. The new Policy will subsume the National Manufacturing Policy.

On the issue of countering sub-standard, unsafe and counterfeit items, Mr. Abhishek said the Government will, on a “war-footing” basis, bring out quality control orders and technical regulations, as well as ensure that manufacturers of all products apply for registration from Bureau of Indian Standards (BIS) after getting their products tested from BIS-recognised labs.

Speaking at a WEF-IES session, Commerce and Industry Minister Suresh Prabhu said the new Industrial Policy will help Indian companies integrate into the global value chain as well as ensure that they take a "quantum jump" in terms of technological advancement. He said in a bid to make the new Policy 'future-ready', the Centre is taking inputs regarding the fast-changing profiles and processes of manufacturing across the world, as well as on what should be the focus sectors where the growth prospects are maximum.

Reference

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