NIMZ is conceptualised as integrated industrial townships with all-important elements to help the growth of infrastructure, clean and energy efficient technology, simplified business regulations and the necessary social and institutional infrastructure.
Manufacturers said they expect the growth of manufacturing sector to be less than 7 per cent.
Services cannot create enough jobs that will match the skill sets of the bulk of the work force, says Nirvikar Singh.
Efforts should be made to nurture the talent and make sure that the skill development programme matches the growth requirement of the industry, the former Finance Minister said.
"It will be ensured that such agreements (free trade agreements) do not have a detrimental effect on domestic manufacturing in India," according to the National Manufacturing Policy (NMP), cleared by the Union Cabinet on October 25.
A group of ministers, headed by Agriculture Minister Sharad Pawar, has been formed to resolve inter-ministerial differences stalling the national manufacturing policy which aims at giving a boost to the sector.
India needs to create 220 million jobs in the next 15 years and this is only possible by implementing the National Manufacturing Policy, launched recently by the government, says Arindam Bhattacharya, managing director, The Boston Consulting Group (BCG) India Pvt Ltd.
While the special economic zones have seen several labour laws being by-passed within their geographical confines, that is not the case with the NMP.
Size seems stuck at a low when compared with other developing economies, with various issues dogging growth.
India aims at increasing the share of manufacturing sector, which contributes over 80 per cent in the country's overall industrial production, from 16-17 per cent to 25-26 per cent of the gross domestic product by 2020.
The manufacturing sector, which constitutes over 75 per cent of the index, declined by 2 per cent in October as against a growth of 9.9 per cent a year ago.
The Survey says that present skilled workforce in India is only 2%.
The government is believed to be working on a strategy to resolve the matter related to Wednesday's Supreme Court order asking Samsung Electronics Chairman Lee Kun-hee to appear within six weeks before the Ghaziabad trial court in a pending payment case.
Will help in reviving the economy and push investment.
India and the US on Sunday agreed to enhance their engagement on intellectual property rights, a vexed issue between the two countries.
At present, the NMP states a series of fiscal incentives, including tax sops, will be offered but only to small and medium enterprises.
Union Commerce and Industry Minister Anand Sharma takes on Narendra Modi, says: Gujrat cannot be sold as a model state as it has many flaws.
The target of $500 billion in bilateral trade by 2020 is doable, feels Anand Sharma.
Investors expect more investment-friendly policies opening up more sectors for foreign direct investment
Make in India right now is just a slogan. The policy content is missing or not clearly articulated. The lion with cogs and wheels must now show some majestic movement forward, says Rahul Khullar.
Industry is displeased over the failure of the National Manufacturing Policy, which has failed to invite any sizeable investment since it was launched more than two years ago.
Existing units stay operational; those approved may not be notified, land could be used for other purposes
In the run up to three years of the National Democratic Alliance government, Minister of State for Commerce and Industry (Independent Charge) Nirmala Sitharaman says it is time to consolidate some of the major initiatives as well as take new steps.
India is also exploring that way but the strength of the Indian economy was such that not even one bank was threatened, not even one insurance company was threatened, and we were able to withstand the shocks.
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