| The Confederation of Indian Industry (CII) said Indian economy should grow eight per cent in the current financial year.
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| “We need to double our per-capita income, which is at present pegged at around $417, to achieve competitiveness for global leadership. We need to move from growth to leadership,” said Gaurav Nanavati, chairman, CII western region on Thursday.
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| “The country needs to ensure even growth across all sectors as 2003-04 has seen comparatively slow growth in sectors like textiles, foods and consumer non-durables. Another area of focus would be to ensure that adequate investments are channelised into infrastructure. The issue of high deficits, both central and state levels, mostly due to galloping non-plan expenditure, is a matter of serious concern,” said Nanavati.
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| CII’s western region theme for 2004-05 is ‘Competitiveness for global leadership’ and the confederation has taken some key regional initiatives which include, working with various state governments on e-governance frameworks and pursuing state governments to bring about reform in the areas of power generation and distribution, captive power and power tariff rationalisation.
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| The confederation has taken initiatives to infuse competitiveness among small and medium enterprises in the western region states and has launched a cluster programme in Bhopal, which will be followed in Indore, Ahmedabad, Surat , Pune and Mumbai.
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| The confederation is also planning to expand the horizon of outsourcing to beyond information technology and related services to look at manufacturing and research and development sector.
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| Piruz Khambatta, chairman, CII Gujarat council, said, “Leadership through global competitiveness will be achieved by establishing global linkages. we need to establish next generation practices rather than best practices and also need to become benchmark for others rather than benchmarking with the best.” |
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