Manufacturing Competitive Council to be set up

In order to enhance competitiveness in the manufacturing sector, the government on Thursday proposed to set up a National Manufacturing Competitive Council.

Presenting the Budget, Finance Minister P Chidambaram said in the Lok Sabha that the Council will be a permanent forum for policy dialogue to energise and sustain the growth of manufacturing industries.

It may also recommend industry-specific or sector-specific policy initiatives to enhance competitiveness, he added.