The initial draft policy is being circulated to seek views of different ministries and departments.
The policy would work in tandem with the Skill India Mission to improve employability of future workforce, and with the foreign trade policy to enhance India's share in global merchandise exports.
It would also enable harmonious implementation of macro fiscal and monetary policies and ensure that incentive regime for industry is competitive.
Further, it will work to revive investments into industry and manufacturing with a balanced focus on both quantity and quality of investments.
The draft has also proposed a detailed implementation mechanism of the policy under which it has suggested setting up of a national industrial competitiveness council and a steering committee.
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