Unregistered industry in Bengal holds great potential as growth agent, says Pranab

   Apr 1, 7:18 pm

Kolkata, Apr 1 (ANI): Union Finance Minister Pranab Mukherjee on Sunday said that West Bengal's unorganised industry sector has grown faster than registered industry adding that the segment holds vast potential for further industrial development in the state.

"The state has a significant unregistered manufacturing segment, which has grown at a higher pace than its registered counterpart. Traditionally, micro and small enterprises have the predominant share in the industrial sector. It has a variety of both traditional and sunrise industries reflecting the potential that the state has of improving its industrial profile," said Mukherjee at a seminar on industrial development organized by ASSOCHAM (Associated Chambers of Commerce and Industry in India).

Stressing that good infrastructure was the key to maintain high medium and long-term growth rates, Mukherjee said that public-private partnerships (PPPs) could be used to attract investment in infrastructure, which would in turn boost industrial growth.

"PPP model could be effectively deployed to attract investments in infrastructure to improve roads, the power sector, ports, communication; and infrastructure development itself would act as a catalytic agent to the industrial development," added Mukherjee.

He emphasised on the need to create more job opportunities for the state's youth, and said that requisite education and training must be imparted to encourage a more inclusive pattern of growth.

"To improve its long-term prospects, West Bengal needs to focus on education, skill training and technology upgradation on a large scale. It has to bring more people to benefit from the expanding markets. Financial inclusion is a key determinant of sustainable and inclusive growth, which in turn is essential for building up an equitable society," he added.

Mukherjee also said that the regime change in the state last year was a reflection of the state's desire for change and the new aspirations of its people.

"The political choice exercised by the people of this state in the last election clearly indicates their expectations for change and their new aspirations. I am happy that the new government under the leadership of Miss Mamata Banerjee is responding to these new aspirations and expectations of the people," noted Mukherjee. (ANI)

PoK ceasefire: Attempt to 'sabotage' peace talks in Russia, says security expert Jul 5, 10:47 pm
New Delhi, July 5 (ANI): Security expert Qamar Agha on Sunday called the recent ceasefire violation by Pakistan an attempt to 'sabotage' the country's possible peace talks with India during the BRICS Summit in Russia.
Full Story
Shivraj Singh Chouhan accepts TV journalist's sister demand to examine viscera outside MP Jul 5, 9:47 pm
Bhopal, July 5 (ANI): Madhya Pradesh Chief Minister Shivraj Singh Chouhan has accepted TV journalist Akshay Singh's sister's appeal wherein she demanded the examination of the viscera sample of her brother, who died while covering the Vyapam scam, to be examined outside Madhya Pradesh.
Full Story
PM Modi holds Digital Dialogue, says technology combines speed, simplicity, service Jul 5, 9:25 pm
New Delhi, July 5 (ANI): Describing technology as a means to discover, learn, evolve and implement, Prime Minister Narendra Modi on Sunday said that technology empowers the less empowered and said that it combines 3Ss- speed, simplicity and service.
Full Story
Ceasefire violation by Pak at J-K's Arnia sector Jul 5, 8:56 pm
Arnia (Jammu and Kashmir), July 5 (ANI): In yet another case of ceasefire violation by Pakistan, there was unprovoked firing at two posts at the International Border in R.S. Pura's Arnia sector in Jammu and Kashmir.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY