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said that lack of availability of credit at a feasible between India andTanzania.The forum provided a
rate was proving to be an issue with investors. platform to take stock of the last year and lay out
The rate of credit was as high as 20 per cent and a progressive plan for the next year. Tanzania was
not a viable option for industries. He added that looking towards India to provide ICT assistance
discussions were being held with the Tanzanian to augment the e-governance and e-services in
delegation with respect to a bilateral investment the country. Besides, agriculture, food processing
treaty, easier visa regime for business travelers and food security should be a priority sector for
from India toTanzania and technology transfer. forging partnership between India andTanzania.
Dwivedi said that the Tanzanian government Dr. A. Didar Singh, Secretary General, FICCI and
should urge its industry to prepare good projects Dr Samuel Nyantahe, Chairman, Confederation
that can be taken up by Indian investors. He of Tanzania Industries (CTI), also shared their
suggested development of special economic perspectives on ways to boosting trade and
zones in Tanzania and also called for extending investment between India andTanzania.
concessions to Indian businesses. He added that
many trade shows and investment forums were Zacharia Kingu, Acting Director of Investment
being organized by both India and Tanzania and Promotion, Tanzania Investment Centre (TIC),
the industry of the two countries should take made a presentation on the Investment Climate &
advantage of it. Opportunities in Tanzania. Mr. Ambuj Chaturvedi,
Executive Director, Overseas Infrastructure
Godfrey Simbeye, Executive Secretary, Tanzania Alliance (P) Ltd, shared his experience of doing
Private Sector Forum Foundation (TPSF), said business inTanzania.
that there was a need to strengthen mutual trade
(Source: http://www.smetimes.in/smetimes/news/
top-stories/2017/Aug/31/tanzania-ideal-place-to-do-
business3181702.html dated 31st August-2017)
18. INDUSTRIAL, MANUFACTURING POLICIES UP FOR REVIEW, SAYS
MINISTER NIRMALA SITHARAMAN
The government is revisiting its industrial in the world, she said, adding that “we are also
and manufacturing policies to ensure India's saying we want India to be a manufacturing hub
preparedness to tackle new challenges of Industrial and increase share of manufacturing in GDP to 25
Revolution 4.0, Commerce and Industry Minister per cent”.
Nirmala Sitharaman has said.
“How all these are going to come into one so
The government is revisiting its industrial that everything we do addresses each one of
and manufacturing policies to ensure India’s these concerns and at the same time attains these
preparedness to tackle new challenges of objectives,” the minister said.
Industrial Revolution 4.0, Commerce and Industry
Minister Nirmala Sitharaman has said. Also under “And the objectives are that you want India to be a
study are achievements of National Investment manufacturing hub and you want to be sure you do
and Manufacturing Zones (NIMZs). “You have a not lose out on the knowledge-based revolution.”
manufacturing policy of 2009, industrial policy of For this, she suggested, the government has to
2011. We have created lots of NIMZs all over the talk to the industry to know their preparedness
country and many of them are yet to get the full about robotics and their capability of integrating
force of what they were planned to be,” Sitharaman the Internet-based revolution.
told PTI.The review takes place in view of Make in
India and the fast pace of the industrial revolution “How ready is our Indian industry for it? Are they
fully ready, somewhat ready or not ready at all,
39 August-September-2017
