India has to work hard in value addition techniques in its manufacturing industries, in honing core competency of skilled manpower, in procuring raw materials, and in upgrading capital equipment so that it becomes competitive in a globalised world.
We must create a sound environment to help the manufacturing sector cope with the emerging challenges of globalisation. This could include the following measures:
Special thrust on modernisation and technology upgradation of existing units Special package for promotion and development of small and village enterprises Consortium of Indian R&D laboratories and industries to gain design development expertise that will enhance competitiveness.
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