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PHDCCI's 7-point strategy for Punjab industry

Written by: Staff
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Chandigarh, Aug 8 (UNI) PHDCCI has submitted a seven point strategic proposal to the Punjab government for giving a fillip to manufacturing in tune with the National Manufacturing Competitiveness Council recommendation of 12 per cent growth per annum in the 11th Plan.

The proposal was submitted to the Punjab government recently by PHDCCI President, Mrs Sushma Berlia.

As per the study conducted by PHDCCI, in the global and free domestic market, when enterprises have to compete based on quality and pricing, it is essential to keep the cost of production to the minimum. ''In this connection, the government's support and policies to supply power at lower cost is most desirable'', the proposal stated.

As the situation of availability of power was critical in Punjab, emphasis should be on addition of capacity to generate more power, the proposal said, suggesting that this could be done if Punjab ties up with Himachal Pradesh and Uttaranchal, as both these states had capacity to produce hydro power in abundance.

The proposal also calls upon the border state to establish thermal plants at coal pitheads at Chhattisgarh. The state government should encourage public-private partnership in power projects.

The proposal pointed out that Punjab suffered locational disadvantage, being away from the ports which substantially adds to the cost of raw material import and export freight in comparison to manufacturing units located near the ports.

Therefore the endeavour of the Punjab government should be to neutralize this disadvantage by providing freight subsidy to exports and lower cost-power availability compared to other states.

For giving impetus to manufacturing and the economy of central Punjab, that is the Ludhiana region, a civil Airport be made operational within three years of 11th plan, the proposal suggested.

This will give a boost to agri-business exports, hosiery, light engineering, automotive components, etc.

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