‘Delhi-Mumbai corridor to set ball rolling for industrialisation in north India’

Connecting industrial corridors and engaging Indian diaspora keys for attracting investment in northern states, industry representatives told at CII meet

pujab

Puja Bhattacharjee | July 24, 2014



Interlinking of Delhi Mumbai industrial corridor (DMIC) with the Amritsar-Kolkata Corridor at Dadri is going to bring a revolutionary change in the world of logistics and northern India stands to benefit the most from it, according to the government.

“DMIC would be a game changer for northern India,” said Amitabh Kant, secretary, department of industrial policy and promotion (DIPP), ministry of commerce and industry. 

“Northern India has youngest population in the world with great enterprising spirit that could lead to transformation of the region with emphasis on labour-intensive manufacturing, planned urbanisation and quality infrastructure”, he said.

Kant, who is the former CEO and managing director of Delhi Mumbai industrial corridor development corporation (DMICDC), was speaking at an event organised by the confederation of Indian industry (CII) to showcase and promote investment opportunities in the northern states.

He said that after allowing 49 percent FDI through automatic route and de-licensing manufacturing of about 60 percent of defence items, there are emerging opportunities in the defence sector. “North India has the potential to emerge as a hub for value added manufacturing in defence sector and the government is taking lot of initiatives towards ease of doing business,” he said.

He assured that DIPP would work in close association with the state governments to spur investments and growth.

Prem Narain, secretary, ministry of overseas Indian affairs, emphasised on the role of states in creating enabling policies and models to attract investments and growth.

He stressed the need for structured engagement with the Indian diaspora for engaging them with Indian growth story.

“State governments in the northern region should associate with overseas Indian facilitation centre to showcase investment projects and opportunities to overseas Indians through state specific investor meets,” he said. He added that the ministry will soon open pravasi bharatiya kendra in New Delhi.

Comments

 

Other News

GM Mustard: It’s now Dr Harsh Vardhan’s call

It is now up to the new environment minister Dr Harsh Vardhan to decide whether GM mustard is to be introduced in India or not. Dr Harsh Vardhan, minister for science and technology and minister for environment, forest and climate change, as

Tie up Arundhati Roy instead of stone pelter: Paresh Rawal

National award winning actor and parliamentarian Paresh Rawal wants noted author Arundhati Roy to be tied up on an army jeep instead of a stone pelter. He tweeted:  Instead of tying stone pelter on the army

Ganga needs political will, enabling policy framework: report

    Restoring life to the Ganga is not rocket science, said an exhaustive report on the river Ganga by The Third Pole. It added “what it needs is political will, a consequent enabling policy framework, and implementation”.   The M

A building act for Nepal

Comedian couple Sitaram Kattel (aka Dhurmus, the stage character he assumes) and Kunjana Ghimire (aka Suntali, her stage character), household names in their homeland Nepal, were on a carefree tour of the United States for 27 shows when the April 25, 2015 earthquake struck. They cut short their visit, forg

Can a permanent solution be found to the Kashmir issue?

Can a permanent solution be found to the Kashmir issue?

Restructuring of Hindustan Organic Chemicals approved

 The cabinet committee on economic affairs has approved a restructuring plan for Hindustan Organic Chemicals Ltd. (HOCL), a loss making central public sector enterprise under the department of chemicals and petrochemicals. The enterprise, having units at Rasayani (Maharashtra) and Kochi (Ker



Video

तीन तलाक ना करने का देंगे सलाह - मुस्लिम पर्सनल लॉ बोर्ड

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter