By IANS
Jaipur : The Confederation of Indian Industry (CII) Monday submitted a draft industrial policy to the Rajasthan government that aims at increasing the state’s contribution to national GDP from the present 3.99 percent to 5 percent by 2015.
The state government had asked the CII to prepare an industrial policy report for its use as a guideline. The CII engaged Yes Bank Ltd as a “knowledge partner” to prepare the policy.
“I request the state government to translate the recommendations into action and announce the new policy at the earliest,” said R.K. Poddar, chairman of the CII Rajasthan state council, while talking to the media here Monday.
He said the proposed policy would help generating investment and growth in Rajasthan.
Rana Kapoor, CEO and managing director, Yes Bank, said: “The objective of the policy is to put Rajasthan on the path of rapid industrial growth and economic development.”
Kishore Khaitan, convenor of the CII panel on economic affairs and taxation, said: “This draft policy aims to prepare a model best suited to Rajasthan.”
The last time Rajasthan announced an industrial policy was in 1998. There has since been a sea change in the economic and social scenario at the state, domestic and global levels. The new draft seeks to address these changes and propose suitable guidelines for rapid industrial development.