Radical steps needed in manufacturing sector: Arun Jaitley

Finance Minister Arun Jaitley has said the manufacturing sector will remain a challenge unless radical steps are being taken to improve it.

"The entry point into the manufacturing has to be eased to attract more investors from outside," said Jaitley, while addressing a meeting on Make in Indian Programme in New Delhi.

Jaitley also said there is need to create enabling environment at every level across the country so that joint ventures and provisions for transfer of technology could be easily undertaken.

"Complicated tax regime during the last few years not only made doing business difficult but also scared the investors to invest in the country," he added.

Meanwhile, Union Minister of Commerce and Industry Nirmala Sitharaman said that new initiatives need to be undertaken to strengthen the Make in India programme.

Manufacturing sector in India contributes only 15 per cent to the GDP.