The government has taken a number of steps to accelerate the industrial growth of the country. The measures include announcement of the National Manufacturing Policy with the objectives of increasing the share of manufacturing in GDP to 25 per cent and creating one hundred million additional jobs over a decade. This information was given in a written reply in the Rajya Sabha today by Commerce and Industry Minister Anand Sharma. He said the other important steps taken involve Delhi Mumbai Industrial Corridor project along the dedicated freight corridor, launching of the e-biz Missions Mode Project under the National e-Governance Plan and creating a joint venture Invest India in association with FICCI as a dedicated agency for promoting foreign investment in India. The Minister said the reasons for slowing down of rate of industrial growth can be attributed to both domestic as well as international factors which include global economic slowdown and decline in external demand, moderation in domestic demand, hardening of interest rates, inflationary pressure and rising input costs etc.
News On AIR | March 20, 2013 2:16 PM
Several steps taken to accelerate industrial growth : Industry Min