Boosting Industrial Production




Boosting Industrial Production


The industrial performance measured in terms of Index of Industrial Production (IIP) reflects movements in production of manufacturing, mining and electricity over base of 2004-05. The IIP in 2013-14 was 172.0 and stands at 171.7 during April-September, 2014-15 over the base of 2004-05.
The growth of Manufacturing and Mining sectors of IPP was negative during 2013-14, which has turned positive at 2.0 % and 2.1 % respectively during April-September, 2014-15. The sector-wise details of index and growth rates are given in the table at Annexure.

The Government is continuously making efforts to boost industrial production in the country. For the creation of conductive business environment, the Government is constantly simplifying and rationalizing the processes and the procedures relating to boosting investor sentiment, and simplifying the Foreign Direct Investment policy. Inter alia, the Government has launched the e-biz Mission Mode Project under the National e-Governance Plan, and is implementing the Delhi Mumbai Industrial Corridor (DMIC) project, and in addition, have conceptualized Amritsar Kolkata Industrial Corridor, Chennai-Bengaluru Industrial Corridor, Bengaluru Mumbai Economic Corridor and the Vizag-Chennai Industrial Corridor (as the first phase of an East Coast Economic Corridor), and setting up of a National Industrial Corridor Development Authority for coordinating and overseeing progress of the various industrial corridors. The Union Budget 2014-15 has also announced a number of administrative and fiscal measures to revive the industrial growth in the country. More recently, the Government has launched a “Make in India” programme with 25 thrust sectors.

Annexure
Annexure referred TO in reply to part (a) of Rajya Sabha Unstarred Question No. 332 for reply on 26.11.2014 regarding ‘Boosting industrial production’.
Table: Indices and Growth Rates of Index of Industrial Production (Base 2004-05=100).
Sectors
Annual
Cumulative
2013-14
April-September,
2014-15
Index
Mining
124.7
119.9
Manufacturing
181.9
180.1
Electricity
164.7
181.2
Overall IIP
172.0
171.7
Growth Rate (in %)
Mining
-0.6
2.1
Manufacturing
-0.8
2.0
Electricity
6.1
10.4
Overall IIP
-0.1
2.8
Source: Central Statistics Office.

The information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Rajya Sabha today.


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