CII to work with government facilitating companies wanting to shift out of China
The Confederation of Indian Industry (CII) will work closely with the government to provide incentives and facilitation to companies wanting to shift their manufacturing operations out of China as part of their de-risking strategy. Stating this, the CII northern region chairman Nikhil Sawhney said that in order to bring growth back to the economy, a multi-pronged strategy in diverse areas will be required with active participation of all stakeholders including industry. He also unveiled the theme of CII northern region for 2020-21 as ‘Building India for a New World: Lives, Livelihood, Growth – A Collaborative North’.
Interacting with the media during a virtual Press conference on Friday, Sawhney said that through its extensive network of State and zonal offices along with nine centres of excellence (COEs) across the country, CII has worked extensively with stakeholders to combat the impact of Covid-19 on economy and the country at large.
“Our interventions on the ground range from policy advocacy, support services for businesses, and information services to providing real-time updates on policy announcements and working with the Central and State governments by providing inputs on next steps to tide over the health emergency,” he said.
He said that the plight of the migrant labourers, most of who work in the casual sector, has not been lost on anyone. Hence, one of the important dimensions of rebuilding India will be to mitigate the enormous human cost of Covid-19, by protecting jobs and livelihoods. This will have to be complimented by policy action in the rural economy which is the largest employer.
He said for the first time the country is witnessing a reverse migration, there is scope for creating more geographically distributed models of development and an opportunity for redefining investment priorities. Investment in rural health and infrastructure along with strengthening rural digital programmes and platforms could pave the way for a robust rural ecosystem. Industries along with state governments can be encouraged to set up facilities in rural areas, which in turn will generate jobs and strengthen the rural sector’s share in GDP. India needs to raise its health spending to atleast three per cent of GDP, in line with its peers.
He said that CII CII northern region has also recommended to all the State governments in the region to spend 10 per cent of their GSDP as a package to give a big push for the economic revival.
Saturday, 20 June 2020 | PNS | Dehradun
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