| India plans to set up 3 more industrial zones |
COLOMBO Against the backdrop of sharp decline in manufacturing growth, India will be setting up three more mega industrial and investment zones as part of its endeavour to push the contribution of the sector up to 25 per cent of GDP by 2020.
Indian Commerce and Industry Minister Anand Sharma said the notification for setting up the National Manufacturing and Investment Zones (NMIZ) is expected to be issued by this month end.
“We are seriously considering three National Manufacturing and Investment Zones (NMIZ) of which one will be in Andhra Pradesh and two in Karnataka,” said Sharma who is on a three-day visit here.
The decision, by which the total number of NMIZ will go up to 12, comes against the backdrop of sharp decline in manufacturing growth to 0.3 per cent during the January-March quarter from 7.3 per cent in the corresponding period of 2010-11.
India also expressed its keenness to invest in development of war-torn Sri Lanka in a big way for which it promised to rope in private players in sectors like ports and exploration of oil and gas.
Sharma, who is here on an official visit, also reaffirmed India’s commitment to building infrastructure and institutions in Sri Lanka during his talks with the country’s leadership here.
Sharma also said both countries reviewed the bilateral ties with reference to rehabilitation and resettlement of displaced Tamil civilians. “Sri Lanka government is appreciative of India’s solidarity and efforts and ongoing efforts to rebuild areas which were destroyed in conflict and in rehabilitation of people,” Sharma told reporters here.
India has been involved in a number of developmental projects in Sri Lanka as part of its efforts to rebuild the country after the end of the civil war in 2009.
The country is also building nearly 50,000 houses for displaced civilians in Tamil-dominated Northern Province.
Agencies
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