Jaipur, Jan 15 (IANS) The government was making a conscious effort to diversify the economy and develop the manufacturing sector in India, Railway Minister Suresh Prabhu said here Thursday.
Prabhu was addressing the inaugural session of the three-day Partnership Summit 2015, organised by the Confederation of Indian Industry (CII) in cooperation with the Department of Industrial Policy and Promotion, the union commerce and industry ministry and the Rajasthan government.
"A stronger growth in manufacturing and the agriculture sectors would spur growth of the services sector," he said, adding that the country's economy was witnessing a transition of sorts and was becoming stronger.
"The government is taking efforts to make the states partners in growth. It is for this reason that the government set up the NITI Aayog," he said.
Prabhu called upon the industry to partner with the government to accelerate growth in the country.
He said the government was pursuing the introduction of the goods and services tax in the country.
Rajasthan Chief Minister Vasundhara Raje said her state has undertaken a number of economic reforms, including in labour laws.
"We have amended old outdated labour laws. This has become a model for the rest of the country and the prime minister has called upon other states to follow our model," she said.
In his address, Macedonia's Prime Minister Nikola Gruevski invited the Indian industry to invest in his country.
Highlighting some of the advantages of investing in Macedonia, Gruevski said his country had one of the lowest tax rates in the world.
Minister of State for Commerce and Industry Nirmala Sitharaman said India carries the potential to position itself as the leader of economic growth with 1.3 million enterprises and 1.2 billion people, of which over 535 million were under 25 years of age.
The minister said time was ripe to forge new partnerships and break out of the low growth cycle.
She also highlighted the easing of FDI restrictions in railways, defence and construction, labour and land reforms among others.
"It is in this context that the government had formulated several path-breaking initiatives such as the 'Make in India' campaign," she said.
CII president Ajay Shriram, CII director general Chandrajit Banerjee and CII president-designate Sumit Mazumder also spoke on the occasion.
Patna, Feb 9 (IANS) Bihar's ruling JD-U Monday expelled Chief Minister Jitan Ram Manjhi from th
Actor Govinda had an accident today on Tuesday morning. He was leaving for Kolkata in the morning
Congress' Lovely not to contest Delhi poll
New Delhi, Jan 18 (IANS) Congress' Delhi unit chief Arvinder Singh Lovely will not contest Feb 7
There seems to be tension between the Taliban and Pakistan over the formation of the government.
Karnataka government angry with Kamal Haasan's statement, actor's films may be banned.
Kamal Haasan's controversial statement on Kannada language has created a storm in Karnataka. Karn
This is Tuesday 15 February. Our Army Chief General MM. Narwane met Lt Gen Fahd bin Abdullah Moha
Gujarat's Surat district court has sentenced former Congress president Rahul Gandhi in a four-yea
Russian President Vladimir Putin thanked the nation for its unity after the uprising was over. Th
IPL 2022: This may be Kolkata's playing XI in front of Hyderabad, these two players can get a chance
In front of the Hyderabad team, Kolkata will try to rectify the mistakes made in the previous mat
The Australian cricket team is known for its alertness and Pakistan for its aggressive approach.
