Draft New Industrial Policy-2022

Recently, the draft - Statement on Industrial Policy 2022 Make in India for the world - has been circulated to different ministries for their views and comments.

Key highlights of the Policy: Prepared by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry

• Setting up of a development finance institution to provide finance at competitive rates
• Considering using some part of foreign exchange reserves for such funding.

Aim: Addressing issues and challenges of industry through certain policy measures to foster and create an innovative and competitive industrial ecosystem in the country.

Objectives: Focus on competitiveness and capability;

• Economic integration and moving up the global value chain;
• Promoting India as an attractive investment destination;
• Nurturing innovation and entrepreneurship; and
• Achieving global scale, and standards.