Following Modi’s Gujarat Model, quite a few states, both BJP led and others have started to organise global investors meets. Andhra Pradesh’s N Chandra Babu Naidu and Telangana’s K Chandrasekhar Rao are trying their every bit to outmanoeuvre each other in the race to land every other top MNC in their state. West Bengal, known for its business un-friendly policies and land problems, has plans to host a global meet to attract investments. Karnataka Chief Minister Siddarmaiah invited Tamil Nadu based textile mills to set up shop in his state.
With the economy showing signs of revival, spurt in activity is witnessed across India. Rising labour costs in China proves to be an opportunity for India to attract manufacturing contracts. The Make in India campaign is gaining pace and the time seems opportune to attract investments, both small and large. Every state has hard pinned the notion and are busy projecting their strengths and offerings to lure investors.
Ports and shipping have not received much attention. Vibrant economies over the globe have focused on this sector to great benefit. Countries like UK, Germany, the Netherlands, Japan, South Korea, Singapore and now China, have all built handsome capacities way ahead of demand. Tiny countries like Singapore, UAE and Sri Lanka cleverly leveraged their ports advantage for economic growth.
The Union Government of India on 17 December 2012 lowered down the growth projection for the current financial year 2012-13 from 7.6 percent that was estimated earlier to 5.7-5.9 percent. The projection was showcased in the Mid-Year Economic Analysis. Where was this Mid-Year Economic Analysis tabled?
None of these
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