: ODOP could help in making India manufacturing powerhouse: Piyush Goyal #FinanceIndia #StockMarketNEWS ODOP could help in making India manufacturing powerhouse: Piyush Goyal New Delhi, Aug 28 (KNN)

@StockMarketNEWS Sat 29 Aug, 2020

Posted in: #FinanceIndia #StockMarketNEWS

ODOP could help in making India manufacturing powerhouse: Piyush Goyal #FinanceIndia #StockMarketNEWS
ODOP could help in making India manufacturing powerhouse: Piyush Goyal New Delhi, Aug 28 (KNN) Lauding ‘One District One Product’ (ODOP), Union Minister of Commerce and Industry Piyush Goyal has said that it could help in making India a manufacturing powerhouse.

Every district has some speciality, strengths or uniqueness, and ODOP could be a transformational step forward realizing the true potential of a district, fuel economic growth and generate employment and rural entrepreneurship, he said during a virtual meet with the industry ministers of states on Thursday.

The approach seeks to add existing industrial capacity beyond the urban areas and create productive manufacturing from a rural/semi urban area, he said.

Calling for scaling it up as a national movement, he assured the Centre’s help in packaging, branding and global marketing of such products. The Minister said that states should identify products with a market potential for import substitution and export accentuation, and establish forward and backward market linkage channels.

On the issue of Districts as Export Hubs, the Minister said that States and UTs have been requested to identify products unique to each district, and requested them to integrate with their district level exports strategies which feed into the state level export strategies.

Referring to the Prime Minister’s Independence Day Announcement on Vocal for Local, Goyal said that public procurement from domestic manufacturers is being encouraged through Government e Marketplace (GeM), which has made it mandatory for sellers to enter the country of origin while registering all new products on GeM.

GeM has enabled a provision for indication of the percentage of local content for all products in the marketplace, he added.

He also said that local products not only have to be promoted domestically but also at the global level.

Make in India for the World, District and cluster level export strategy will benefit artisans and small and micro scale producers thereby integrating them directly with global supply chains, he said.