New Delhi, Nov 16: Aimed at creating a common market area in the northern region, PHD Chamber of Commerce and Industry has chalked out a three-point strategy and turned its focus towards Jammu and Kashmir to put the militancy-hit state on the path of development. Stating that there was a general feel-good factor and confidence in the industry, the newly elected chamber president Ravi Wig has suggested speeding up of reforms in sectors like power, labour and infrastructure to achieve the target of 8.0 per cent growth.
Emphasising that a strong and vibrant manufacturing sector and agriculture was imperative for overall pick up of the economy, wig said measures were needed to make the industry competitive globally.
"Growth estimates and export figures stand proof of the fact that economy is looking up and the industry is confident of doing better. The economy is positive having the feel good factor," he told reporters.
Wig said the chamber has evolved a "pan-Indian" vision with special focus on development of Jammu and Kashmir.
The vision would also lay emphasis on issues like labour, agri business, power and creating a common market area in the northern region.
Bureau Report