Now, the ministry is taking steps to revive manufacturing. Officials told BT that they want the Finance Ministry to act on the proposals of V. Krishnamurthy Committee to give a fillip to manufacturing.
Says G.K. Pillai, Commerce Secretary: “The interim report of the committee is ready and it has made recommendations like duty-free imports of capital goods and continuing with tax holidays for 100 per cent export-oriented units (EOUs).”
— Rishi Joshi
