Investments and reframed policies will drive growth

By admin June 30, 2015 2:59 pm IST

There must be government support in implementing IT enabled manufacturing processes and systems.
Harshal Jayavant, President, JK Files
  JK Files India Limited, a subsidiary of Raymond Ltd., is today the largest producer of files in the world. In an interview Harshal Jayavant, President, JK Files talks about the opportunities for files and drills industry out of ‘Make in India’ initiative.
Initiative improvises on policies framed earlierThe sector policies introduced under ‘Make in India’, other than Automotive Policy 2002 and Automotive Mission Plan 2006-16, offers various enablers of growth for the sector. Funding of $ 200 mn has been allocated to modernise the auto components industry by providing interest subsidy on loans and investment in new plants and equipment. “$ 388.5 mn has been allocated to enable the industry to adopt and implement global performance standards. ACMA has partnered with Auto Care USA, SES Germany for transfer of skills and knowledge which will act as an enabler to facilitate best manufacturing practices, especially in the SME segment.

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