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New industrial policy soon: Hooda

Saturday 7 May 2005

By Our Special Correspondent

NEW DELHI, APRIL 7. The Haryana Government will come out with a new industrial policy turning the spotlight on building world-class infrastructure, simplified rules and regulations. The state Government will work towards attracting investments and aim at creating an investment-friendly climate, the State Chief Minister, Bhupinder Singh Hooda, said today.

"The focus of the policy, to be announced soon, will be to strengthen infrastructure, simplify rules and regulations and remove regional imbalances by providing special incentives in the industrially backward areas of Haryana to attract both domestic as well as foreign investments," he said while addressing a session on `Strategies for Rapid Economic Development of Haryana’ at PHDCCI.

The State will adopt a two-pronged strategy — checking unemployment and overhauling technical education sector to produce skilled manpower in line with the needs of the industry.

The Chief Minister said that the services sector made a substantial contribution to the state’s GDP and the government would take initiatives to "rediscover our potential in the manufacturing sector. Our efforts are to promote and develop other activities in sectors like transport, tourism, education, entertainment, construction, housing and healthcare."

Further he said that a meaningful coordination of all the economic activities would be ensure to facilitate the realisation of the mission of creating maximum employment opportunities for the youth of Haryana.

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