Business Daily from THE HINDU group of publications
Thursday, Sep 07, 2006


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Industry & Economy - Real Estate & Construction
Government - Policy
`Construction industry to be included in services sector'

Our Bureau


THE UNION Minister for Commerce and Industry, Mr Kamal Nath, with the CEO and MD, Tata Consultancy Services, Mr S. Ramadorai, at a national conference `Boosting services exports' in the Capital on Wednesday. — Kamal Narang

New Delhi , Sept. 6

The Government will include the construction industry in the ambit of the services sector in order to increase services exports to 15 per cent, the Minister of Commerce and Industry, Mr Kamal Nath, has said.

Underlining the importance of the Services Export Promotion Council, at the CII's National Conference on Boosting Services Exports, here on Wednesday, Mr Kamal Nath said, "This is a major step forward for boosting exports from the services sector by identifying new areas". The growth in the services sector is driven by domestic demand. Whether it is entertainment, education or the media, home-grown companies have led the growth. Manufacturing and services have become the economic backbone of the country. The Government will do all it can to facilitate the future growth of the sector, he said.

"We are putting the right policies in place through a mix of taxation and opportunities to invest," he said. The country needs to create more jobs to absorb the 37 million people projected to be unemployed by 2012. For this, universities and institutes of higher education need to be expanded to create more knowledge workers. There is also need for more vocational institutes as well as institutes for upcoming sectors such as retail, tourism and aviation, he added.

More Stories on : Real Estate & Construction | Policy | Industry Associations

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Making Kolkata job-ready


Workshop on renewable energy
ELCINA award for Videocon chief
NZ eyes export of dairy, meat products to India
Healthcare: The price of well-being
Medopharm launches new antibiotic
New drug policy to arm regulator with more teeth
MS launches Indian version of Encarta
`Govt, pvt sector must join hands to deliver quality education'
Suzuki, Nissan seek Govt support on infrastructure
CSE rejects Coke's invitation to discuss pesticides issue
`Construction industry to be included in services sector'
GSLV failure due to faulty regulator: Report
Govt mulls FDI policy for stock exchanges
Awards instituted for first generation TN entrepreneurs
New norms to set up export warehouses
ADB happy with tsunami recovery projects


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line