Proposed GST would be of immense benefit: Malvinder

Malvinder Mohan Singh,chairman of the Confederation of Indian Industry Northern Region,on Monday said while the region had immense potential but investments had not been commensurate with its size and resource base.

Written by Express News Service | Chandigarh | Published: April 10, 2012 2:33 am

Malvinder Mohan Singh,chairman of the Confederation of Indian Industry (CII) Northern Region,on Monday said while the region had immense potential but investments had not been commensurate with its size and resource base.

Addressing mediapersons,Singh said the proposed Goods and Services Tax (GST) would be of immense benefit to the Indian industry and business. “Adoption and early implementation of GST can help in the creation of a common market and may also increase the GDP size by 1.0-1.5%,” he said. He stressed the need for effective single-window system,which would be the key enabler for doing business within a state for investors,both existing industries and new investors.

Singh highlighted that 126 ITIs had been adopted by the CII’s Northern Region members under the public-private partnership mode. As a next step,these would be audited for better compliance to strengthen industry-institute interface,he said.

Jayant Davar,deputy chairman,CII Northern Region and managing director,Sandhar Technologies Ltd,said the power scenario in the region was a matter of concern for the industry. “We have been drawing up five-year plans,but execution has not kept up pace. With nuclear avenue,we can accelerate capacity addition,” he added.

Singh said university-industry partnership on the lines of Delhi University and Punjab Technical University (PTU) was being worked out for Chandigarh,Haryana and Uttarakhand. In Chandigarh,the CII would enhance its engagement with Panjab University by working on the curriculum,faculty development,lectures by global leaders and R&D projects.

The chairman said CII would work for sustainable agriculture by strong advocacy of Land Leasing Act in the northern states. Agri conclaves and farmer outreach programmes would be held in UP,J&K,Punjab and Rajasthan. He added that the CII’s flagship event on agro technologies and business development — Agro Tech 2012 — would be held in Chandigarh from December 1-4 this year.

Singh also released the ‘CII Northern Region Report on Power Scenario’.

Earlier in the day,a CII delegation,led by Malvinder Mohan Singh,met the chief secretaries of Haryana and Punjab,and recommended a series of suggestions to create an enabling environment for fresh investments.

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