Published on 26/03/2018 10:38:59 AM | Source: Dion Global Solutions Ltd

Time for government and India Inc. to collaborate for New India, says Prabhu

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Government and Indian Inc is required to work as a team for translating the vision of New India into reality. A plan where people and government work together on a single platform has to be put in place with collaborative efforts and shared responsibilities, said Suresh Prabhu, Minister for Commerce & Industry, Government of India. Addressing the CII Northern Region Annual Conference on New India, the Minister said that India’s manufacturing sector’s contribution to GDP stands at 16 per cent at present as against the desired target of 20 per cent.

To enhance contribution of manufacturing to GDP, path breaking initiatives have been taken by the Government. Some of these initiatives include pumping in unprecedented Rs.3.75 lakh crores into Indian Railways, investments in infrastructure, strengthening of Ease of Doing Business, comprehensive policy for air cargo, etc, he said. Capt Abhimanyu, Minister for Finance, Government of Haryana hailed CII for playing a key role in unleashing competitive and cooperative federalism amongst states and made them realise of their potential and unique advantages.

Haryana at present is ranked first in the dynamic ratings on Ease of Doing Business Index. Jan Dhan, Mudra Yojna, Pradhan Mantri Suraksha Bima Yojna, Demonetization, GST, etc. have laid a very strong foundation for translating the vision of New India into reality, said Capt Abhimanyu. He urged CII to focus beyond the boundaries of industrial development and contribute towards other significant and crucial sectors like agriculture.