145;Poor infrastructure hampering growth146;

The Department of Industrial Promotion and Policy secretary V Govindarajan said the taxation structure, high cost of finance and infrastructural bottlenecks are the reasons for low industrial output.

Addressing a Ficci session on 8216;WTO and Indian Industry: Challenges and Strategic Solutions8217;, He said that certain factors hindering the growth of the Indian industry are 8220;relative taxation, issue of cost of funds, labour market problems and infrastructure bottlenecks.8221;

8220;The reform process, however, is addressing these areas,8221; he said adding that India has improved its competitiveness in certain sectors in the post-liberalised period and the same should percolate to all sectors of the industry. Unido DG Carlos Alfredo Magarinos stressed that 8216;productivity and competitiveness8217; is critical for the Indian industry to excel in the world market.