New Delhi, March 2 (IANS) The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday gave its approval to wind up the National Manufacturing Competitiveness Council (NMCC) with immediate effect.
An official release said the CCEA gave its approval to winding up of the NMCC as the council "has fulfilled the mandate for which it was constituted".
The NMCC was established in 2004 to provide a continuing forum for policy dialogue to energise and sustain the growth of manufacturing industry.
It was set up as an autonomous organisation with its chairman in the rank of a cabinet minister and members drawn from government and industry.
The release said NMCC chairman V. Krishnamurthy resigned from his post in May 2014 and Ajay Shankar demitted office as member-secretary of the council upon expiry of his tenure in November 2014.
"In the absence of a chairman and no fresh constitution, the NMCC has become non-functional," the statement said.
It said NMCC conducted various studies independently in consultation with several ministries/departments and also industry associations during the decade of its functioning. (IANS)