Manufacturing

Dormitory Accommodations: China mandates employers to provide dormitory accommodation for workers close to factories and other social security benefits. Factory-provided […]

Facts: Potential of India: a large potential market a large workforce to produce for the world market. Comparison with china:

Background of the Phased Manufacturing Policy The Phased Manufacturing Programme (PMP) incentivised the manufacture of low value accessories initially, and

Capital Goods: Capital goods are physical assets that a company uses in the production process to manufacture products and services that consumers

Context: The Ministry of Electronics and Information Technology has released a 5-year roadmap and Vision Document for the electronics sector,

What is Inverted Duty Structure? An IDS means higher duty on intermediate goods as opposed to final/finished goods, that enjoys

Special economic zone: A special economic zone (SEZ) is an area in which business and trade laws are different from

Measures taken by the Government of India to boost exports: Incentivized specific sectors such as ready-made garments and footwear. Duty-free

Increased incentive under MEIS: Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry has doubled rates for incentives

Issues with Manufacturing sector According to NITI Aayog’s report, the sector’s growth rate has remained constant for the past 25