The Tenth Plan has set a 10 per cent industrial growth target during 2002-07.
To achieve this, companies will have to go in for global benchmarking and use opportunities in the export market, says the initial draft of the Plan.
The low productivity is caused mainly by endogenous factors, with exogenous factors like policy, infrastructure and laws taking only 14 per cent of the blame.
Processes, technology, sub-optimal capacity and managerial incompetenc share 86 per cent of the blame for low productivity.
The Indian industry will have to look at export markets, undertake greater market research, implement world-class processes and apply technology and innovation to increase productivity and efficiency, the draft says.
The common perception is the 10 per cent target will be tough to achieve, and the emerging external environment will make it even more difficult.
The free-trade regime with market access depending on standards, accreditation and certification and preferences given to
