Industry body spells out growth agenda for Rajasthan

By IANS

Jaipur : The Confederation of Indian Industry (CII) presented a wish list to the state government Wednesday in its pre-budget memorandum.


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The memorandum includes, among other things, suggestions to improve the state’s fiscal health.

“The pre-budget memorandum, in effect, lays the roadmap for development of the state,” R.K. Poddar, head, CII Rajasthan, told IANS here Wednesday.

CII recommended amendments in Rajasthan value-added tax (VAT) act such as including definitions of manufacturing and capital goods.

It has recommended that entry tax be abolished or brought under VAT immediately.

CII said there was a strong need for a new industrial policy for the state. It had submitted the draft of the industrial policy to the state government a few days ago.

The industry body urged the chief minister to announce the policy before the next budget.

To facilitate industrial growth, the memorandum recommended an online electronic single-window system to be introduced along with target-setting and appraisal mechanism.

CII recommended that to facilitate economic growth in the state, tourism should be accorded industry status at the earliest.

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