In a bid to boost manufacturing and exports, Prime Minister Manmohan Singh today laid out a road map of measures including raising steel production capacity to 300 million tonnes and raising textile exports by 30 per cent to tackle plummeting rupee.
At a meeting of High-Level Committee on Manufacturing, here, it was decided that push should be given to creation of domestic manufacturing capabilities as part of economic revival.
Addressing the meeting, Singh said "Often, our production is at the lower end of the value chain. Our exports consist of raw materials and primary goods and our imports consist overwhelmingly of manufacturing.
Asserting that sustained growth in manufacturing was critical if the country has to grow at 8-9 per cent, he said "We need to remedy this situation by removing the bottlenecks that hinder our progress in manufacturing and taking full advantage of our strengths."
Singh also gave a go-ahead to building of 70-100 seater civilian aircraft, a dream project which has been in the pipeline for years and a pilot project for electric and hybrid vehicles in Delhi by August.
