Ratan Tata among industry honchos on revamped NMCC

NMCC was set up by the government as an inter-disciplinary body at the highest level to serve as a policy forum for credible and coherent policy initiatives in the manufacturing sector.

In the restructured council,apart from the chambers like Confederation of Indian Industries,Ficci and Associated Chambers of Commerce and Industry,chief economic advisor to the finance minister Kaushik Basu,and Isher Judge Ahluwalia,ICRIER,will also be included.

The government envisages to increase the share of manufacturing in the total GDP to 25 per cent from the current 15-16 per cent by the year 2025.

However,the proposed NMP has gone to a group of ministers as it met stiff opposition from the environment and labour ministry on certain issues.

The NMCC rejig may be viewed as a move to push for the policy at the earliest.