New industrial policy in few months: Prabhu
The new industrial policy which seeks to promote emerging sectors will be released within a few months, Commerce and Industry Minister Suresh Prabhu said today.
"The new industrial policy should be releasing in next few months," he told reporters here.
The proposed policy, the draft of which has been prepared by the ministry, will completely revamp the Industrial Policy of 1991.
WPL 2024 Auction Live Streaming: When and where to watch Womens Premier League Auction FREE Live Online and TV - Check Date and Time
India vs South Africa 2023-24: T20, ODI, Test Matches Full Schedule, Match Dates, Time in IST, Venues, Squad, Free Live Streaming Details
HDFC SKY redefines share market navigation with advanced demat account app for seamless wealth creation
RBI to set up cloud facility for financial sector and fintech repository; here is what you need to know
RBI keeps repo rate steady for the 5th time: Here is what market experts, analysts and industry leaders say
Among other things, it would endeavour to reduce regulations and bring in new industries currently in focus.
The Department of Industrial Policy and Promotion (DIPP) in August floated a draft industrial policy with the aim of creating jobs for the next two decades, promote foreign technology transfer and attract USD 100 billion FDI annually.
Prabhu also said that today he chaired a meeting of the task force on artificial intelligence.
The 18-member task force was constituted to explore possibilities to leverage artificial intelligence (AI) for economic transformation.
The ministry said in a statement that after detailed discussions, the members drafted its preliminary recommendations which were discussed at the meeting.
On WTO's mini-ministerial meet, to be organised by India, he said it will held in March.