Infra building can drive manufacturing growth: Niti Aayog CEO

Image
IANS New Delhi
Last Updated : May 06 2016 | 10:07 PM IST

Terming progress made in expanding India's roads and railways networks the best ever in the last two years, Niti Aayog chief executive Amitabh Kant said on Friday that infrastructure construction can drive manufacturing growth in the country.

"Infrastructure construction can drive manufacturing growth and India must be an easy and simple place to do business," he said at an event here organised by the Confederation of Indian Industry (CII).

He also said that of the 344 procedures under the government's ease of doing business initiative, as many as 148 related to the micro, small and medium enterprises sector.

Identifying textiles, footwear, food processing and gems and jewelry as among the sectors fertile for employmentcreation, Department of Industrial Policy and Promotion Secretary Ramesh Abhishek said: "Reforms in ease of doing business will be a game changer for lowering manufacturing transaction costs."

--IANS

bc/vd

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 06 2016 | 9:58 PM IST

Next Story