Attract investments by leveraging sectoral competencies: CII

Last Updated: Tuesday, April 23, 2013 - 23:52

Lucknow: Attracting investments by leveraging sectoral competencies of the northern region is the key to revive and accelerate economic growth to the desired 89 percent levels, newly elected chairman of industry body CII (Northern Region) Jayant Davar said on Tuesday.

"Revival of economic growth will provide employment avenues to millions leading to accomplishment of overall goal of attaining long term inclusivity, sustainable growth and social development for the states, the region and the country as a whole," Davar told reporters here.

He said that to achieve the objective a holistic approach on the part of government, industry, institutions, civil society, media and citizens was needed, wherein each has to continually play its role earnestly both in present and future.

He said that the CII NR has adopted "Reviving Growth in North - Present and Future" as its theme for the current fiscal.

"CII's focus in north for 2013-14 will primarily be on six areas namely - strengthening positive governance, enhancing MSME's competitiveness, creating north as a manufacturing hub, ensuring sustainable development and achieving inclusivity through skill development, corporate social responsibility and affirmative action for the benefit of SC/ST," Davar said.

He said that manufacturing and MSMEs were the most critical contributors and vehicles for economic development, job creation and inclusive growth and north has tremendous potential to become the Manufacturing Hub of India.

"We just need to brand it as a preferred investment destination for manufacturing. For this, CII has planned seconnd Invest North in August at Delhi," he said.

The Chairman said that MSMEs constitute about 70 percent of CII's membership.

"We need to handhold MSMEs and provide them expert advice and guidance on aspects like finance, credit, taxation, government schemes and marketing support. CII is launching a dedicated MSME helpdesk comprising a team of professionals at Chandigarh headquarters," he said.

Davar listed some proposals for MSMEs, for which CII would actively engage with the central and state governments & agencies like purchase and price preference policy, implementation of MSMED Act in totality, re-defining the ceiling of Micro, Small, Medium Enterprises to enhance their competitiveness.

Elaborating the agenda for UP the chairman said that strong policy advocacy and reforms would continue to remain the cornerstone of work in the state.

"To attain positive governance, CII will work with UP to strengthen single window clearance agencies and their IT ennoblement to improve ease of doing business and promote e-governance in the state.
CII would also continue to work with the state for speedy reforms in power distribution, GST, APMC, Land Leasing Act," he said.


First Published: Tuesday, April 23, 2013 - 23:52

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