Business Daily from THE HINDU group of publications
Sunday, Jul 16, 2006
Business Daily from THE HINDU group of publications Sunday, Jul 16, 2006 |
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Industry & Economy
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Economy Investment panel, NMCC to work together in textiles, power Our Bureau
New Delhi , July 15 The Investment Commission and the National Manufacturing Competitiveness Council (NMCC) have decided to work together in the specific areas of textiles and garments, power and food processing as these sectors have immediate potential for growth and employment generation. This was decided at a meeting held here last week between the NMCC and the Investment Commission, according to Mr V. Govindarajan, Member-Secretary, NMCC. He said the purpose of the meeting was to identify the areas and sectors in which synergy could be brought in between the work of NMCC and the Investment Commission for investment and growth of the manufacturing sector. The Investment Commission, headed by Mr Ratan Tata, has estimated the total investments required in the manufacturing sector over the next five years to be of the order of about $110 billion. The strategy paper prepared by the NMCC and the report of the Investment Commission are to come up for discussion at the Prime Minister's Trade and Industry Council meeting on July 20.
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