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The objective of this policy is to enhance the share of manufacturing in GDP to 25% and creating 100 million jobs by 2022. It also seeks to empower rural youth by imparting necessary skill sets to make them employable. Sustainable development is integral to the spirit of the policy and technological value addition in manufacturing has received special focus.

This policy document has been prepared after extensive stakeholder consultations and inputs from the industry, state governments and experts in the field of manufacturing, technology development, and business environment. The policy seeks to present specific action points in the areas identified as constraints that require immediate policy attention.

The following six industry verticals will be given special attention under this policy. (1) Employment intensive industries; (2) Capital Goods; (3) Industries with strategic significance; (4) Industries where India enjoys a competitive advantage; (5) Small and Medium Enterprises; (6) Public Sector Enterprises.

Under this policy to catalyze the growth of manufacturing, National Investment and Manufacturing Zones (NIMZs) will be established. These NIMZs will be developed in the nature of green field industrial townships, benchmarked with the best manufacturing hubs in the world.