Question

Why has the 'National Manufacturing Competitive Council' been set up?

Answer 1

The National Manufacturing Competitiveness Council (NMCC) has been set up by the Government to provide a continuing forum for policy dialogue to energise and sustain the growth of manufacturing industries in India. The NMCC is expected to suggest various ways and means for enhancing the competitiveness of manufacturing sector including identification of manufacturing sectors which have potential for global competitiveness; current strengths and constraints of identified sectors, and recommend National level industry/sector specific policy imitatives as may be required for augmenting the growth of manufacturing sector. The Government also nominated Members of the Council who are from various fields of industry. ♡☆♡

Answer 2

The National Manufacturing Competitiveness Council (NMCC) has been set with the objectives of improving productivity through proper policy interventions by the government and renewed efforts by the industry.
The NMCC has been setup with the objective to improve productivity in this decade and bring it up to 12% per annum.