GoI Forms Interministerial Panel Led by BVR Subrahmanyam to Draft National Monetisation Mechanism (NMM).
National
In April 2025, the Government of India (GoI) has set up an inter-ministerial committee to design the broad framework of the proposed National Manufacturing Mission (NMM), with an aim to boost the Make in India initiative.
- The committee will be led by BVR Subrahmanyam, Chief Executive Officer (CEO) of NITI (National Institution for Transforming India) Aayog, the Think Tank of India.
- The manufacturing sector accounts for 16–17% of India's Gross Domestic Product (GDP – Gross Domestic Product), for which the government aims to increase the share through the new mission.
- The National Manufacturing Mission (NMM) was announced in the Union Budget 2025–26 with the objective of strengthening the Make in India initiative and significantly enhancing India's manufacturing capabilities. This mission is a strategic move to position India as a global manufacturing hub.
Main Point :- (i) The mission will focus on five key areas: improving the ease and cost of doing business, building a future-ready workforce equipped for emerging job demands, nurturing a vibrant MSME (Micro, Small and Medium Enterprises) sector, ensuring the availability of advanced technology, and producing high-quality products. It will also comprehensively support the growth of large industries.
(ii) NMM will provide policy support, create implementation roadmaps, and establish a governance and monitoring framework to guide and align efforts at both the central ministry and state levels. This structured approach is aimed at improving coordination, execution, and accountability across all stakeholders involved.
(iii) A strong emphasis will be placed on Clean Tech Manufacturing to boost Domestic Value Addition (DVA). The mission will help build ecosystems for critical technologies such as Solar PV (Photovoltaic) cells, EV batteries, motors and controllers, electrolyzers, wind turbines, high-voltage transmission equipment, and grid-scale batteries. It will also support design, component manufacturing, and machinery required for non-leather quality footwear production, along with continued support for leather footwear and related products.
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