May 12, 2010 2:40 PM

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Govt. will undertake a sectorial review to tame falling Index for Industrial Production

Commerce and Industry Minister, Mr. Anand Sharma today said that the government will undertake a sectorial review to tame the falling Index for Industrial Production. Speaking at a CII function in New Delhi, he stressed upon the need for market diversification for Indian exports to cope up with the falling demand in the international market. Mr. Sharma congratulated the Indian Industry for registering the highest growth in 15 years. However, he added that the growth needs to be inclusive to realise its real meaning. Replying to a question on the imposition of 2 per cent MAT on investments, he said that the Finance Ministry has been sensitized on the issue and he will discuss it with the Finance Minister. Dismissing the concept of unipolarity of power, Mr. Sharma hailed the rise of regional groups like IBSA, BRIC and ASEAN as the hubs of economic growth.

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