Upgradation of industrial infrastructure to help attract investors: Experts
   Date :19-May-2020

Upgradation of industrial
Business Bureau :
The Government’s announcement to upgrade industrial infrastructure and provide information on ranking of industrial parks will help the country attract both domestic and foreign potential investors, according to experts. Last week, Finance Minister Nirmala Sitharaman announced that a scheme will be implemented in states for industrial cluster upgradation of common infrastructure facilities and connectivity. She also said information related to land bank for promoting new investments would be available on Industrial Information System with GIS mapping.
“Lot of global corporations are envisaging interest in India as their manufacturing hub. The Government’s industrial information system (IIS) will provide an easy ready reckoner for global investors to set up their manufacturing locations in India, generating significant employment in the process,” G M Rao, Group Chairman, GMR Group, said in a statement.
He said, the Finance Minister’s announcements on upgrading the industrial infrastructure and providing a system to make available information and ranking of industrial parks is a welcome initiative. Rao added that India has been improving on the ease of doing business index over the past five years and coupled with the Make-in-India call, the country is becoming an attractive investment destination for the world.