Standard Post with Image

CII Moots Policy Support to Ramp Up Investments, Corporate Performance

  • Controlling the fiscal deficit, boost to agriculture sector, strengthening physical and social infrastructure, especially power generation, empowering  the financial institutions, focus on manufacturing  and making land available to the industry  are some of the measures suggested  by the Confederation of Indian Industry (CII) to  ramp up investment and to improve corporate performance.Delivering the Special Address at the Conference on  “Tamil Nadu Vision 2025- Numero Uno in business and livelihood’,  organised by the Confederation of Indian Industry (CII) here today,  Mr B Muthuraman, President, CII and Vice Chairman, Tata Steels Ltd, said  that the private sector has to work in partnership with the government to enhance growth.   He said to achieve a 10-12% GDP growth rate for the next 25-30 years, agriculture should grow 4-5% every year. Indian agriculture has the capacity to grow as the productivity levels were low now. The required boost in agriculture could be achieved by considering agriculture as an industry, he said.

  • Mr Muthuraman said one of the fundamental things in the new Manufacturing Policy was the acquisition of land. Emphasizing the need for making land available for the manufacturing industry and for setting up power plants, he said the Land Acquisition Bill has to be made more industry-friendly. The emphasis in the Manufacturing Policy for creating special investment zones was a welcome move, he said.“We don’t have a resource productivity model in the country and it is not a key factor in planning’’, the CII president said.  He said resource productivity and efficiency had huge role to play in all sectors.

  • Mr T T Ashok, Chairman, CII Southern Region and Managing Director of Taylor Rubber Pvt Ltd,  said accelerated growth and inclusive development were central to the Tamil Nadu Vision 2025.  Greater emphasis should be laid on entrepreneurship and research and development, he said.Mr Ashok said we should take advantage of the national manufacturing policy, the proposal for cluster approach and for creating world class infrastructure. We have made several recommendations on this, including the linking of highways, dedicated freight corridor, declogging of Chennai Port, and development of Tier II and III cities.  “We have to think long-term on airport connectivity and learn from Bangalore and Hyderabad which have green field airports, he said.

  • On the power sector, he said,  “we have to look at a basket of options - thermal, hydel, wind and solar. There was no single solution for it’’.  The option of nuclear also could not be ruled out, Mr Ashok said.Mr N K Ranganath, Chairman, CII Tamil Nadu State Council and Managing Director, Grundfos Pumps India Pvt Ltd said that Tamil Nadu in its march towards the Numero Uno position has to face competition from other aspiring States.  It was critical in the background of the infrastructure bottlenecks, especially the power situation, city road congestion and other problems confronting Tamil Nadu. To convert the goals of the Vision 2025 into reality, the government and industry has  to work together , said.

  • Mr Ranganath said some of the critical enablers to this end could be focused cluster approach with emphasis on MSMEs as the engines of growth, creation of basic infrastructure –power, transport and urban planning, a 25-year plan for power generation, providing land for industry at affordable cost, creation of social infrastructure like healthcare, education, skill development, moving industry to where people are, and sustainable development.Rigorous implementation of all these and their close monitoring would be the deciding factor, Mr Ranganath said.The conference deliberated on the various aspects of the TN Vision 2025 including `Numero Uno in Business’,  and `Numero Uno in Livelihood’.Mr R Dinesh, Vice-Chairman, CII Tamil Nadu State Council and Joint Managing Director,  T V Sundram Iyengar & Sons Ltd, made the concluding remarks .

Source