New Delhi: DIPP secretary Amitabh Kant said on Monday that the private sector should explore opportunities in defence manufacturing as the sector is expected to provide business worth $250 billion in the next seven to eight years.
He also informed that DIPP is in the process of giving ratings to states on the basis of ease of doing business.
Kant said The Department of Industrial Policy and Promotion (DIPP) would rate the states on 98 parameters and by June or July “we are putting a professional agency to evaluate all the states (on these parameters) and rank best and worst performing states.”
Kant also said that the state government should take lead in improving the ease of doing business in the country.
He said that by May 31, the states have to undertake steps to improve their rankings. “States must become key champions. The real action is in states,” he said at a conference organised by Assocham. Kant said that states like Maharashtra have already started taking steps in that direction.
The BJP-led NDA government has hiked foreign direct investment (FDI) cap in defence manufacturing sector from 26 per cent to 49 per cent to boost ‘Make-in-India’.
