Implementation of industrial corridor tardy: House panel

Implementation of industrial corridor tardy: House panel

A Parliamentary standing committee on Commerce, on Friday implored the government for reducing budgetary allocation on industrial corridors from Rs 1,320 crore to merely Rs 496 crore in 2016-17.

It said the implementation of corridors, arteries of industrial growth was tardy and urged the government to oversee that their performance is not affected due to lack of funds. “The committee notes that the budgetary estimates for 2016-17 allocation was Rs 1,400 crore which was later reduced to Rs 495 crore at revised estimates. The industrial corridors have been envisaged as the arteries of industrial growth. However, the implementation of industrial corridors are very tardy,” Standing Committee on Commerce said in its report tabled in Rajya Sabha on Friday.

It said the Delhi Mumbai Industrial Corridor (DMIC) has barely crossed the planning stage and the other corridors are still under planning stage.

“If the special purposed vehicles of various node/industrial areas under the DMIC are choked of funds in the initial stage itself then the tardy development of the corridor will be stunted further. Provisioning of adequate funds is, therefore, important,” it said. On the ease of doing business, the committee appreciated reforms undertaken on various indicators but felt that concerted efforts were needed to bring about further improvement. “There is a need for better engagement with the state governments to effect the real change on ground. The national implementation plan on ease of doing business may be improved,” it said. Similarly, it said, the setting up of dedicated commercial courts will help smoothen the business environment.

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