labels: Industry - general
Government to fine-tune strategies to develop industrial infrastructure: Kamal Nath news
18 February 2008

The government plans to fine-tune strategies to promote an integrated approach for the development of industrial infrastructure.

Addressing the Parliamentary Consultative Committee meeting of the ministry of commerce and industry, on "industrial infrastructure development", union minister of commerce and industry Kamal Nath said, "It will be our endeavour to fine tune our strategies and develop a more holistic and integrated approach towards the development of infrastructure for Industry.

He disclosed to the MPs the initiatives the government has undertaken to provide a fillip to the development of industrial infrastructure, such as industrial infrastructure upgradation scheme (IIUS).

Nath explained that the primary responsibility for development of infrastructure vests with the state government and state industrial development corporations provide basic infrastructure to industrial units by setting up industrial estates in self-contained geographical areas.

Most state governments have set up industrial estates with mixed experience. He said the central government also supplements the efforts of the state government through various schemes for the development of industrial infrastructure.

The minister underlined that the IIUS launched recently, focussed on infrastructure upgradation of existing industrial clusters and 25 projects were currently under implementation of which five were nearing completion.

"We expect this scheme to continue in the 11th Plan with suitable modifications based on the outcome of the ongoing critical evaluation", Nath said.

Regarding the industrial parks scheme, the minister stated that income tax exemption was available to infrastructure developers for any 10 consecutive years out of 15 years beginning from the year in which the eligible projects commence operation. The response to this scheme has been good and it is estimated that close to Rs14,000 crore have been invested towards the creation of infrastructure for industry.

Nath also appraised them of the investments in logistics like the rail freight corridor and the integrated investment regions.

"We have also initiated a novel approach for infrastructure development along the proposed Delhi-Mumbai Rail Freight Corridor through creation of high impact / market-driven nodes such as integrated investment regions (IRs) and industrial areas (IAs). These nodes / regions are proposed to be self-sustained industrial townships with world-class infrastructure, road and rail connectivity for freight movement to and from ports and logistics hubs, served by domestic/international air connectivity, reliable power, quality social infrastructure so as to provide a globally competitive environment for setting up businesses".


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Government to fine-tune strategies to develop industrial infrastructure: Kamal Nath