Industry captains pledge support to PM's 'Make in India'

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Press Trust of India New Delhi
Last Updated : Sep 25 2014 | 3:25 PM IST
Industry leaders from both India and abroad today pledged their support to the government's 'Make in India' campaign and sought stable tax structure, labour law reforms and expeditious decision-making to make it a reality.
At the star-studded launch of Prime Minister Narendra Modi's ambitious programme, attended by the likes of Reliance Industries Chairman Mukesh Ambani, Tata Group chief Cyrus Mistry and Aditya Birla Group's Kumar Mangalam Birla, industry leaders said job creation and high growth would be possible only if the manufacturing sector gets into a high growth trajectory.
"Our aspirations on the global manufacturing arena will be fulfilled if we address certain challenges on priority," Mistry said while addressing the gathering.
"These factors will include the build-up of critical infrastructure across the country supported by stable policies, transparent and competitive tax and duty structure, efficient and time-bound administration through the use of e-governance, cost effective and reliable energy coupled with logistics, critical for the competitiveness of industry," Mistry added.
Pledging his support to the initiative, Ambani said in order to succeed in this campaign, it was important to be open to capital and expertise from all over the globe, and implementation of GST will make India one market and strengthen overall Make in India programme.
He further said: "Make In India is about the present and the future, 'Made' is always in the past...We commit ourselves to the Make In India movement that was given to a billion Indians by our PM."
Ambani, who announced that Reliance Industries would create 1.25 lakh jobs in the next 12-15 months, further said it was also important for villages to stay connected to be a part of growth story.
"It is important to connect village clusters with international markets and not only domestic markets by building physical infrastructure and virtual infrastructure so that all our goods and services are connected to all markets," he said.
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First Published: Sep 25 2014 | 3:25 PM IST

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