02-12-2021 11:08 AM | Source: Accord Fintech
Government forms public-private panel to help promote localisation: Piyush Goyal
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In order to look into issues like promoting localisation and boosting manufacturing, the Commerce and Industry Minister Piyush Goyal has said the government has constituted a committee comprising members from public and private sectors. Goyal also said the government is promoting safety and quality of products as it would help promote competitiveness of domestic industries.

He said ‘we have a committee which is working on issues like how to increase localisation, how to boost manufacturing of components. It is a public-private partnership committee.’ He added that India has all the key elements such as ideas and low cost of labour to promote manufacturing of good quality toys.

The committee is working on 24 champion sectors including toys and furniture. Sector specific groups have been formed which are working on actionable points with a view to promoting growth of these sectors. Further, He said the government is taking steps such as raising import duty and issuing quality control order to promote the toy industry.