Monday, November 29, 1999

`Stimulus to continue despite robust recovery`

News posted by www.newsinfoline.com

Union Commerce and Industry Minister Anand Sharma today said that "stimulus package" to the industry would continue in spite of robust recovery over the past one year.Talking to media-persons here, he said that the Rs 1.86 lakh- crore incentive given to the industry in three tranches and policy interventions to help it ride the slowdown have shown results and the industry is recovering fast.He said a sectoral review would be conducted to identify industries in which recovery is lagging and sops would be continued for them.Further he said that the National Manufacturing Policy was on the anvil and it would address the problems of the industry and focus on a concept of a national manufacturing and investment zone (NMIZ), besides exit policy, green technologies and new avenues of growth and incentives for units in NMIZs.

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