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Bangalore, Aug. 29

In its reaction to the new policy, the Bangalore Chamber of Industry and Commerce (BCIC) has commended the policy giving emphasis to infrastructure and said: "The BCIC particularly likes to commend the Government's move to develop and create infrastructure, standard as well as specialised, in advance. The policy proposal to create a minimum of 5,000 acres quality industrial infrastructure in the period is highly desirable and so is the emphasis on human resource development and creation of specialised skills development institutions at key locations for vocational training. This is the need of the hour."

Policy features

The BCIC President, Mr Venkat Kedlaya, said the objectives of the policy and the strategies laid out for the growth of GSDP, development of industry in the State, dispersal of industry to backward regions, strengthening of existing infrastructure, development of specialised industrial zones and SEZs, emphasis on cluster and corridor development and upgradation of infrastructure, promotion of human resource development and agro industry along with the SSI sector were welcome features.

It hoped that the Government would implement the policy in the next five years as the track record on implementation of past policies had been disappointing.

(This article was published in the Business Line print edition dated August 30, 2006)
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