Bigger states to share industrial sector with Pondy

Pondicherry, Sep 11 (UNI) Pondicherry Industry Minister V Vaithilingam today called on bigger states to share their knowledge, experience and expertise in industrial sector with small states like Pondicherry.

Inaugurating a two day conference of the council of states industrial development and industrial corporation of India, here the minister said that small states like Pondicherry could utilise this knowledge and expertise to ensure it's industrial development. Since, there was no tax holidays or other concessions in Pondicherry at present, there was no chance for any competition, he added.

He said though Pondicherry was small, the government wanted to develope it into a model state. Bigger states could start industrial ventures here on experimental basis which would ensure the industrial development of the union territory, he added.

Presiding over the function Secretary General of the council K K Mudgil said Pondicherry was perfect to set up Special Economic Zone because of it's natural location and availability of the port, which would be developed shortly.

Lauding the functioning of Pondicherry Industrial Promotion Development and Investment Corporation (PIPDIC) Mr Mudgil said it not only helped to develop entrepreneurs but also setting up of infrastructure facility here. Among all corporations, PIPDIC was a glittering star, he added.

Stating that the credit deposit ratio in rural areas was less when compared to urban areas, Mr Mudgil demanded that funds should be diverted to rural areas through PIPDIC to ensure rural development.

PIPDIC Managing Director Rattan Singh welcomed the gathering.

About 16 delegates from different parts of the country attended the conference.

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