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Business News/ Politics / Policy/  Niti Aayog will create dashboard to monitor developments:Amitabh Kant

Niti Aayog will create dashboard to monitor developments:Amitabh Kant

Manufacturing has been given a big thrust and India will see huge results in the coming days, says Niti Aayog CEO

Amitabh Kant. Photo: Pradeep Gaur/MintPremium
Amitabh Kant. Photo: Pradeep Gaur/Mint

New Delhi: The newly appointed chief executive officer of Niti Aayog, Amitabh Kant, said finance minister Arun Jaitley has created a vision for India with his new budget and that Niti Aayog will help the government achieve its objectives by monitoring the implementation of schemes on the ground.

“Key thing to my mind is constantly doing concurrent evaluation. Doing a good job of the implementation of the budget. This budget is about building up a vision for India. But the challenge really lies in our ability to do extremely outstanding execution on ground. It is about implementation and I think Niti Aayog will play a very key role. We need to create a dashboard to constantly monitor what’s happening on the ground," Kant said.

He assumed the post after retiring as secretary in the department of industrial policy and promotion (DIPP) at the end of February.

Kant, a 1980 batch Kerala-cadre officer, has been instrumental in driving Prime Minister Narendra Modi’s vision of making India a manufacturing hub.

The idea of Make In India is more than 18 months old. Launched on 25 September 2014, it was the Modi’s brainchild to promote India as the world’s next manufacturing destination and attract more foreign direct investment (FDI). Twenty-five sectors were identified—from automobiles and aviation to pharmaceuticals, tourism and wellness. The initiative has issued a clarion call for domestic and global firms to increase investments in the country.

FDI has received a dramatic boost from the launch of the initiative, according to the Economic Survey released on Friday.

After the September 2014 launch of the initiative, there was an almost 40% increase in FDI inflows in the October 2014 to June 2015 period from the year-ago period.

“If you look at it, the biggest feature is what the finance minister has done for manufacturing in India. If you read the annexure, he has played around with almost 200 items. Last year, they made some changes, which led to 50 mobile manufacturers coming in to India and starting manufacturing in India," Kant said.

Manufacturing has been given a big thrust and India will see huge results in the coming days, he said.

“I personally feel that on electronics, textiles, leather and on Internet of Things, India is going to become a key manufacturing destination in the years to come," he added.

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Updated: 03 Mar 2016, 01:52 AM IST
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