White paper on ‘Focused Interventions for ‘Make in India’: Post COVID 19’ has been released by the Union Minister for Science & Technology, Health and Family Welfare and Earth Sciences, Dr. Harsh Vardhan. White Paper prepared by TIFAC, highlights five sectors that would be critical for India’s economic growth. It lays out sector specific as well as aggregate policy and technological recommendations, along with models of recovery of Indian economy.
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About White paper on ‘Focused Interventions for ‘Make in India’: Post COVID 19’:
Technology Information, Forecasting and Assessment Council (TIFAC) has prepared the White paper on ‘Focused Interventions for ‘Make in India’: Post COVID 19’. It has been prepared primarily for the policy makers as inputs for decision making. It defines the impact of the COVID-19 pandemic on Indian economy and presents measures that can be taken to mitigate the widespread economic shock. It highlights five sectors that would be critical for India’s economic growth, namely: Medical and Health; Machinery & Manufacturing; Information and Communication Technology (ICT); Electronics; and Agriculture & Food Processing.
Key findings of the paper:
It lists out some key areas that would be critical for India’s economic growth such as MSME Sector, Public Health Systems, Workforce Management, Global Relations, Under-privileged Areas of the Society, and New Age Technologies. It also recommends some measures as policy shifts. These are as follows:
- It states that the MSME sector needs to be supported on issues of liquidity crunch, credit support and fiscal compliances.
- It states that substantial support is required for the public health systems to ensure regular supply of PPE, medicines, equipment, etc.
- To provide better infrastructure, the policies around tele-medicine and other technologies that enable digital transformation in the domain should be strengthened.
- It also dwelts on incentivization of Employers to help them incentivize their workforce.
- It emphasizes on Re-calibrated trade alignments and Re-imagined global institutions.
- It also states the importance of constant communication at district level for response planning
- Increased co-ordination between all levels of government would be needed.
The white paper also lays out measures to accelerate India’s growth during post COVID-19 scenario. These measures also seeks to strengthen ‘Make in India’ initiative. Some of the measures are as follows:
- It recommends the establishment of technology clusters across India demography for homogenous job creation.
- It recommends the identification of technologies in champion sector: Segment wise solution- Aggregation platform as single window.
- It recommends the promotion of import substitution, indigenous innovation in association with academic institutions and research centres.
- It recommends the special focus on high value medical products/technologies that are currently majorly imported.
Technology Information, Forecasting and Assessment Council (TIFAC) is an autonomous organization under the Department of Science & Technology (DST), Government of India. Established in 1988, it is a think tank within government setup. It looks up to technologies on the horizon, examines the technology trajectories and assists technology innovation in select areas of national importance.
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