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FICCI lauds Centre's initiatives for industry

Press Trust of India  |  Chandigarh 

The country currently stands at the cusp of a transformation spearheaded by continuous positive policy action by the government, an association of business organisations opined here today.

With the new Government at the Centre working full steam on its development agenda, the country is moving towards an accelerated economic growth, the National Executive Committee meeting of Federation of Indian Chambers of Commerce and Industry (FICCI) observed.

The World Bank expects India's economic growth to climb to 8 per cent in 2017-18, on the back of a 7.5 per cent expansion in the current fiscal year and 7.9 per cent in the next, the meeting felt.

The socio-economic agenda being pursued by the Government through mega plans like 'Make in India', 'Digital India', 'Skill India', 'Swacch Bharat Abhiyaan', 'Clean ganga' and 'Jan-Dhan Yojana', will lay the foundation for long term growth and inclusive development of our nation, the meeting observed.

Efforts are being made towards easing the conduct of business through greater use of technology, facilitating labour law improvements and developing world-class infrastructure, the members at the meet observed.

Some of the States that can benefit the most from this improved environment include Punjab and Haryana, the FICCI felt.

Chandigarh, the capital city of both these States, ranks first in India in the Human Development Index, quality of life and e-readiness, the meet observed.

It is emerging as a regional hub in the areas of service industry, food and vegetable processing, education, health, information technology, it felt.

In the backdrop of potential investment opportunities in these States and Chandigarh in particular, FICCI, as a first-time initiative, organized its National Executive Committee Meeting (NECM) here.

The NECM featured special interactive sessions with Punjab deputy chief minister Sukhbir Singh Badal and Haryana chief minister Manohar Lal Khattar.

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First Published: Thu, May 07 2015. 19:22 IST