The department of industrial policy and promotion is readying a set of suggested changes in this regard, a senior official told Business Standard, such as tax breaks and other fiscal benefits.
When the NMP was rolled out in 2011, the aim was to raise the contribution of manufacturing to gross domestic product from 16 per cent then to 25 per cent by 2022.
However, It fell to 12.85 per cent in 2013-14 (advance estimates) from 14.06 per cent the previous year.
The policy also intends to create an additional 100 million jobs and support required skill development programmes.
At present, the NMP states a series of fiscal incentives, including tax sops, will be offered but only to small and medium enterprises.
The incentives would be case-to-case, depending on the preparedness of a particular state that wants to attract industry and make it a manufacturing hub.
"The fine print of the policy has not gone down well with international as well as domestic investors," the official added.
Apart from offering some tax incentives, the new government is likely to focus on 'proper and transparent implementation of the policy which did not happen under the (outgoing)
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