Commerce and Industry Minister Piyush Goyal has said that the government is in the process of finalizing a National Logistics Policy which will help bring down logistics cost significantly. He noted that stakeholder consultations are being held for the same. He also said that the government has set up a National Traders' Welfare Board with the objectives of welfare of traders and their employees, simplification of the Acts and rules applicable to traders, reduction of compliance burden and improvement in access to funds.
The minister stated that 24 sub-sectors (such as agro-food processing, steel, agro chemicals, electronics products, furniture, leather, auto parts and textiles) in manufacturing have been identified in consultation with industry based on export potential, import substitution and employment generation capacity, where attention would be given to make India a self-reliant country and a global supplier. He also informed that Make in India is now focusing on 27 sectors under Make in India 2.0.
Goyal further said Department for Promotion of Industry and Internal Trade (DPIIT) is coordinating action plans for 15 manufacturing sectors, such as aerospace and defence, food processing, capital goods, leather, pharmaceutical and medical devices, etc, while the Department of Commerce is coordinating for 12 service sectors.