Congress makes big promises to MSMEs; for flexible labour laws
Updated: Mar 26, 2014 04:01:20pm
New Delhi, Mar 26 (KNN) The Congress Party, which has led the UPA government at the centre for 10 years today made several promises to boost the country’s industrial output with a focus on small and medium enterprises and promoting a flexible labour policy.
The Election Manifesto of India’s oldest party has also promised that the Indian SMEs would be facilitated access to world class technology at affordable prices by creating a ‘Patent Pool’.
The Party said, if voted back to power, its government would create 100 new urban clusters around existing small and emerging cities and link them with power and transport facilities.
The Party, which is pitched against the BJP led NDA in the high stake electoral battle, said that its government will boost the manufacturing sector with emphasis on exports.
It will create “an enhanced framework to promote exports and wave off all taxes, Central and State that go into exported products.”
At the same time, the Party ensured some protection to the domestic industries by way of tariff.
The Congress led Government will “put a minimum tariff protection so that there is an incentive to manufacture goods in India rather than import them.”
Knowing fully well that this cannot be done with the existing level of infrastructure and bureaucratic hassles, the Congress Party said that if voters elect its government, it will improve “India’s Ease of Doing Business Ranking from the current 134 to 75 within five years, by streamlining the process for starting a business, getting various permits, easing access to credit, streamlining the tax enforcement systems and various other interventions.”
The Indian National Congress has ensured the reservation of 4 per cent of procurement from small and medium Scheduled Caste and Scheduled Tribe enterprises. We will push for strict implementation of this norm.
“Our vision is building India as the world leader in manufacturing. We will ensure a 10 per cent growth rate in the manufacturing sector with a special emphasis on small and medium enterprises,” the Manifesto said.
“We will promote a more flexible labour policy as needed for maintaining competitiveness, while moving towards international labour standards for our workers,” the Congress promised.
The Party has promised to create new and upgrade the existing Industrial Training Institutes (ITIs). (KNN/PC/SD)
The Election Manifesto of India’s oldest party has also promised that the Indian SMEs would be facilitated access to world class technology at affordable prices by creating a ‘Patent Pool’.
The Party said, if voted back to power, its government would create 100 new urban clusters around existing small and emerging cities and link them with power and transport facilities.
The Party, which is pitched against the BJP led NDA in the high stake electoral battle, said that its government will boost the manufacturing sector with emphasis on exports.
It will create “an enhanced framework to promote exports and wave off all taxes, Central and State that go into exported products.”
At the same time, the Party ensured some protection to the domestic industries by way of tariff.
The Congress led Government will “put a minimum tariff protection so that there is an incentive to manufacture goods in India rather than import them.”
Knowing fully well that this cannot be done with the existing level of infrastructure and bureaucratic hassles, the Congress Party said that if voters elect its government, it will improve “India’s Ease of Doing Business Ranking from the current 134 to 75 within five years, by streamlining the process for starting a business, getting various permits, easing access to credit, streamlining the tax enforcement systems and various other interventions.”
The Indian National Congress has ensured the reservation of 4 per cent of procurement from small and medium Scheduled Caste and Scheduled Tribe enterprises. We will push for strict implementation of this norm.
“Our vision is building India as the world leader in manufacturing. We will ensure a 10 per cent growth rate in the manufacturing sector with a special emphasis on small and medium enterprises,” the Manifesto said.
“We will promote a more flexible labour policy as needed for maintaining competitiveness, while moving towards international labour standards for our workers,” the Congress promised.
The Party has promised to create new and upgrade the existing Industrial Training Institutes (ITIs). (KNN/PC/SD)
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