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New Industrial Policy likely to feature in Friday's Budget
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New Delhi, July 5 -- The much-anticipated New Industrial Policy may be announced by Finance Minister Nirmala Sitharaman in her maiden budget on Friday.
The policy centred around the theme of "Make in India", was first envisaged in the earlier Narendra Modi government under the then Commerce and Industry Minister Suresh Prabhu. New Commerce Minister Piyush Goyal has also given his inputs to the policy, sources said.
The policy would take an approach of cluster-based industrial areas, whereby a certain industrial area would have industries making a certain product.
People in the know said that it will subsume the National Manufacturing Policy, which was notified in 2011, in order to bring about a quantitative and qualitative change and t...
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