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Govt Readies Strategy to Spur Investment in Manufacturing
Date: 16/07/2013

The government has drawn up a plan to remove bottlenecks holding back investment in manufacturing at the state level, a move aimed at revitalising the flagging sector by aligning states’ approach with the long –term strategy of the Centre.As part of the initiative, the Planning Commission and National Manufacturing and Competitive Council (NMCC) will develop coordinated action plans with states that have witnessed slackness in investment in manufacturing.
 
“The idea is to get a holistic view of the issues that are holding back manufacturing in each state and, accordingly, suggest tools and techniques that can revive the overall climate,” Planning Commission member Arun Maira told ET.
 
The first phase of the exercise, to be flagged off this month, will cover Punjab, Gujarat, Karnataka, Haryana, Tamil Nadu, Andhra Pradesh and Maharashtra, with special focus on steel, textiles, food processing and medium and small enterprises, sectors seen as large job creators.
 
Source: ET

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