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National Consensus Needed On Industry Priorities: Anand Sharma
Written by Arjun   
Wednesday, 08 June 2011
Bangalore: India needs national consensus on issues like land reforms and GST. We need to de-link these national priorities from politics to create new capacities in industry.

In a round table with the leaders of industry organized by CII on Friday, Anand Sharma suggested coordinated efforts of leadership of industry and political leadership to arrive at a consensus on national priorities.

"India's growth rate of 9+% brings along with it many challenges also. There is a stress on resources. Inflation is going up only in the countries that are on high growth path. We should not wait for the recovery of the traditional markets like US and EU. We should look forward to the places where is growth taking place. Unless we increase exports along with the GDP growth, it will be difficult to manage trade account," said Anand Sharma.

"In the next 10 years another 100 million work force will add up and we need to focus on capacity building from now itself to avoid chaotic situation later," said Sharma.

"Post global meltdown, there was no increase in capacity building in India for the past four years. There is an urgent need to increase the capacities in India. States should develop good models for land transparency in acquisition will address major problems," said R P Singh, Secretary, Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, Government of India.

"Government has removed restrictions on foreign companies setting up their units here who were under a JV presence here. This will increase FDI flows," R P Singh said.

"Inflation, fuel price, global challenges, uncertainty about reform process are some of the key challenges industry is facing today despite achieving high growth rate. CII is keen to work with the Government for economic growth and job creation," said S Gopalakrishnan, Vice President, CII.

S Chandrasekhar, Chairman, CII- Karnataka, in his concluding remarks urged the government to address three key issues hurting the infrastructure industry. These are steel and cement prices and interest cost. 44 industry leaders from different sectors attended the session with the Minister.
 
Apart from India, other major food producing countries are also facing severe problems. India need to address its huge post harvest losses, compared to other countries, according to Sharma.

 
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