Social Development
CII Media Releases
Statement of Mr Sumit Mazumder, President, CII
Aug 15, 2015

CII salutes Hon’ble Prime Minister for impressive implementation of new campaigns and schemes announced in the last 15 months. Social security, Startup India, and agricultural productivity as stressed by Hon’ble Prime Minister are the foundations for the next growth trajectory. 

The objective of offering incentives for investments is to promote employment. It makes eminent sense to give incentives directly as per employment generated. The parameter of employment in financial incentives to new manufacturing units as stated by Hon’ble Prime Minister in his Independence Day Speech can be a game-changer for labour-intensive sectors like textiles, leather, food processing and so on. CII strongly welcomes Hon’ble PM’s announcement of this innovative idea and we hope the details would be announced quickly. 

New Delhi
August 15, 2015

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