Shramev Jayate To Boost Manufacturing Sector, Attract Investments
Advertisement
Advertisement
Applauding the government’s newest initiative ‘“The initiatives announced are very significant for boosting manufacturing in the country and this will act as a supplement to the Make In India campaign launched last month,” said M Rrafeeque Ahmed, president, FIEO.
He added that the appointment of National Brand Ambassadors of Vocational Training and the fact that the government will focus on skill development are pragmatic steps to fill in the skill gap, which has been affecting both, the employability and productivity in manufacturing sector.
Under the initiative, investors can file single tax return to comply with 16 labour laws while provision for single window, self-certification, and computerized random selection of units for inspection will create conducive environment for manufacturers to do business in the country.
Sharing a similar sentiment, industry body
Advertisement
Additionally, he said, “The simplification of procedures and introduction of unified web portal to insure compliance of labour laws is a welcome move which will avoid harassment at the hands of inspectors. The universal PF account number to the employees satisfies their long standing demand and enables quick transfer as well viewing their account statement anywhere anytime.”
It should be noted that since the beginning, the government has been focusing on development of the manufacturing sector in order to revive economic growth. The government has been vocal about projecting India as a strong manufacturing hub on the global radar.
Advertisement
- I'm an interior designer. Here are 10 things in your living room you should get rid of.
- Higher-paid employees looking for work are having a tough time, and it could be a sign of a shift in the workplace
- A software engineer shares the résumé he's used since college that got him a $500,000 job at Meta — plus offers at TikTok and LinkedIn
- 7 scenic Indian villages perfect for May escapes
- Paneer snacks you can prepare in 30 minutes
- Markets crash: Investors' wealth erodes by ₹2.25 lakh crore
- Stay healthy and hydrated: 10 immunity-boosting fruit-based lemonades
- Here’s what you can do to recover after eating oily food
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market