Decision to construct industrial corridor from Amritsar to Kolkata ‘historic initative’: CII

The chairman of the Confederation of Indian Industry (CII),Northern Region,Jayant Davar,has said that the corridor will transform the lives of 40 percent of India’s population that lives in the northern and eastern states through which this corridor will pass.

Written by Express News Service | Chandigarh | Published: June 11, 2013 2:52 am

TERMING the decision to construct an industrial corridor from Amritsar to Kolkata through Delhi a historic initiative,the Confederation of Indian Industry (CII) has remarked that the corridor will give a boost to the industrial activity in the region.

The chairman of the Confederation of Indian Industry (CII),Northern Region,Jayant Davar,has said that the corridor will transform the lives of 40 percent of India’s population that lives in the northern and eastern states through which this corridor will pass. Davar emphasised that the true potential of the ambitious project will ensure,“better coordination between centre and state agencies” and that the “alignment of the centre,state and interstate industrial and economic policies will play a crucial role in deciding its success.”

“If implemented in the right spirit,the corridor may be a boon for the ailing industry in the region. Transparency in awarding of contracts and adhering to project timelines will also be critical in ensuring that its desired objectives are met,” he added.

D L Sharma,chairman,CII Punjab State Council said,“The region which is extremely rich in terms of entrepreneurship welcomes the upcoming corridor which is bound to open new vistas for expansion of the existing manufacturing sector here and create manufacturing hubs and zones. The corridor will also help in proper utilisation of land,labour and raw material quite easily. The respective state governments should also come up with favourable policies and incentives to consolidate and complement this initiative by creating special zones which will enable them to attract investments and create employment opportunities for the youth”.

Pikender Pal Singh,regional director of CII Northern region said,“The project will unlock the immense opportunities in the region for not only industry and commerce but will also revive economic growth and in turn help attain inclusivity,sustainable growth and social development for the region.’’

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