Stable policies, ease of doing business to boost manufacturing: Experts

Stable policies and further improvement in the ease of doing business in states will help significantly boost the country’s manufacturing sector‘s growth, according to experts.

They also said that sectors like renewable energy, particularly in the solar segment and electronics, hold huge potential to promote domestic manufacturing and create thousands of jobs.

The government has already taken a series of steps like rolling out the production-linked incentive scheme (PLI) for 14 sectors, tweaking tariffs and issuance of mandatory quality control orders for different products to support domestic players and increase manufacturing activities, they added.

“Stable policies and further promotion of ease of doing business at the state level will help significantly boost the country’s manufacturing sector growth,” Sujoy Ghosh, vice president and country managing director, First Solar, said.