News: India to develop more industrial clusters
(BL 22/04/2006) Hyderabad - The Government would provide funds for setting up more industrial clusters on the lines of a textile cluster with an aim to boost manufacturing sector and generate more employment.
"We will focus on developing industrial clusters and technological upgrade to cut down on sick units," Kumar said here today.
On the lines of Coimbatore textile cluster, more such ventures would be encouraged and the Government would play the role of a facilitator and provide funds only for technological upgrade but would not take over the units, he said.
The move would provide employment to rural artisans and improve the growth rate in the industry from nine to 12 per cent, he said, adding that the North East cluster would have a tie-up with the Southern one for better management.
Projected hike of the industry's share in GDP would be about 17 to 25 years in the coming five years, he said, adding that jobs in the industrial sector were on the slide between 2000 and 2002 but have picked up now.
After setting up the trademark tribunal at Chennai, now that the city would also have a patent registry soon, Kumar expressed hope that patenting culture would soon catch up in the country.
"In the US there are about seven lakh patents while we have only 25,000 which shows that the culture is yet to catch up in our country", he said.
"We will focus on developing industrial clusters and technological upgrade to cut down on sick units," Kumar said here today.
On the lines of Coimbatore textile cluster, more such ventures would be encouraged and the Government would play the role of a facilitator and provide funds only for technological upgrade but would not take over the units, he said.
The move would provide employment to rural artisans and improve the growth rate in the industry from nine to 12 per cent, he said, adding that the North East cluster would have a tie-up with the Southern one for better management.
Projected hike of the industry's share in GDP would be about 17 to 25 years in the coming five years, he said, adding that jobs in the industrial sector were on the slide between 2000 and 2002 but have picked up now.
After setting up the trademark tribunal at Chennai, now that the city would also have a patent registry soon, Kumar expressed hope that patenting culture would soon catch up in the country.
"In the US there are about seven lakh patents while we have only 25,000 which shows that the culture is yet to catch up in our country", he said.
posted by InCar Group Press Room at 11:54
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