CII targets for 100 cos with $1 bn plus revenue

Mumbai, Apr 22: The Confederation of Indian Industry(CII), has forecast marginally-higher GDP growth rate of 8.3% in the current fiscal.

The bullishness of India Inc is not just restricted to the macro level, a CII press release issued here today said.

It has also set a target of building more than a hundred Indian companies with USD 1 billion-plus in revenues over the next three years.

The CII theme for the current year is Competitiveness For Sustainable&Inclusive Growth, to take into account issues such as overuse of natural resources and income disparities.

According to the projections on which the GDP growth rates are forecast, the industry body has assumed growth rates of 3% for agriculture, 9.1 per cent for industry and 9.9 per cent for services for 2006-07.

The targets and roadmap for the future were unveiled by the CIIs new president R Seshasayee.

UNI