Plan Panel for deregulation of sugar, fertiliser sectors Favours pushing investment rate to 35.1 pc of GDP
New Delhi, June 18 "While maintaining an ambiguous position on labour reforms and silence on disinvestment, the Planning Commission has recommended a slew of steps to spur industrial growth during the 11th Plan, including deregulation of sugar and fertiliser sectors and further pruning of items reserved for the small-scale sector.
"Accelerating to 8.5 per cent growth in GDP will require industry to grow at 10 per cent and manufacturing at 12 per cent. This calls for substantial increase in investment in the industrial sector, combined with technological upgradation and modernisation to achieve efficiency levels needed to survive in an increasing competitive world," the Commission says in draft approach paper to the 11th Plan.
The paper is to be circulated among Chief Ministers of various states for a final nod of the National Development Council (NDC), whose meeting is slated for August.
It also calls for a comprehensive review of the mining policy to exploit the "largely unexplored mineral wealth". It says there is enormous scope for attracting investments in this high capital intensive area.
In an obvious attempt to refrain from entering into contentious issues, the paper is completely silent on the issue of disinvestment.
Faced with stiff resistance from the Left parties, disinvestment has been put on the back-burner by the UPA government.
Besides, the state governments, too, want to go slow on disinvestment of PSU's under their control."
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment