Prime Minister Manmohan Singh has accepted the in principle suggestion of the National Manufacturing Competitiveness Council (NMCC) to set up technology missions for textiles, leather and food processing, NMCC Chairman V Krishnamurthy said today. | |
| He added that it was also decided that the NMCC should work through the trade and economic relations committee headed by the Prime Minister. |
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| The NMCC has recommended that if the country's economy is to grow at 8-9 per cent annually, the manufacturing sector has to grow at 12-14 per cent a year over the next decade, against the less than 7 per cent growth in the last two decades. |
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| The growth target of 12 per cent in manufacturing would create about 1.6 to 2.9 million direct jobs annually. |
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