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too ambitious?

dissapointed..................was expecting something 'Hafizzz type thread'. :tdown: this actually isnt a India bashing thread.

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(A couple of smileys is worth more than a thousand words!)
 
I think projects in our countries like this often do not do as well as they could cos of corruption. My take is that corrupt people are more harshly dealt with in china than pakistan and india. perhaps someone could shed some light on this?

Good response. I wish Indian users here could be so well mannered as you are but then they are Indians.......

Indians tend to live in denial because whenever anything say anything not positive about India they go mad....and they start ACCUSING you of either "bashing India" or "anti-India". This is a typical behaviour of many Indian users. They use this method to CENSOR people on what they can say about India. Even in India the government bans journalist or people from saying negative
things about the country :

Is there a ban on reporting bad news from India?
Is there a ban on reporting bad news from India? | Andrew Buncombe | Independent Editor's choice Blogs
 
I think projects in our countries like this often do not do as well as they could cos of corruption. My take is that corrupt people are more harshly dealt with in china than pakistan and india. perhaps someone could shed some light on this?


When the ruling party congress and some of it's key members are corrupt (3g scam) it does provide a good role model for the average joe to follow.
 
No Reuters published it on Wed Oct 26, 2011 4:14am GMT
A tale of new cities - India's push to industrialise | World | Reuters

And Firstpost Website actually says Reuters at the end, so don't try to defend them:lol:


According to the information you supplied in message #30 on this thread :

So they take a Reuters article, change the title and publish it? Isn't that plagiarism:undecided:

A tale of new cities: India's push to industrialise | Reuters

Reuters posted it on : Thu Oct 27, 2011 3:01pm IST
 
According to the information you supplied in message #30 on this thread

Reuters posted it on : Thu Oct 27, 2011 3:01pm IST

Reuters Africa published it Wed Oct 26, 2011, and as I said Firstpost mentions it that the article is taken from Reuters! So give it a rest please.

:cheesy:
 
7 industrial townships, 100 million jobs

Information and Broadcasting minister Ambika Soni and
commerce and industry minister Anand Sharma on Tuesday announced the cabinet’s approval of the national manufacturing policy, and they drew attention to the fact that this was implementation of the electoral promise made in the 2009 Congress manifesto.

Clearly, the scandal-scarred Congress-led UPA government of prime minister Manmohan Singh wants to turn the tide with big ticket economic programmes at a time when the political fortunes of the UPA government and of the Congress have reached the nadir.

The policy envisages seven manufacturing and investment zones (MIZs), of which three are in the Delhi-Mumbai industrial corridor (DMIC), that will create 100 million jobs and raise the share of manufacturing in the GDP to 25 per cent by 2022 from the 15 per cent to 16 per cent share at present.

Sharma said of the seven zones, sector- and region-neutral, two are in Maharashtra, and one each in Uttar Pradesh, Madhya Pradesh, Haryana and Gujarat. Each of them would spread over a minimum area of 5,000 hectares. He said that land will be allocated by the state governments and he did not see any hurdle because some of the state governments already have land-banks.

The other important decision was to create the optical fibre network which will connect 2.5 lakh panchayats of the six lakh villages in the next two years with an outlay of Rs 20,000 crore. The right of way for laying down the optical fibre network will have to be cleared by state governments, but the project will be funded by the central government, central public sector undertakings.

Telecom and information technology secreatry R Chandrasekhar, responding to a DNA query whether this was the phase of last-mile connectivity, replied that this was the middle-mile connectivity, which will bring into the network all public institutions at the village level, and which will help spread e-health and e-governance.

He admitted that the last mile connectivity will be achieved when private and public service providers provide the individual connections.

Both the MIZs and the laying of optical fibre network, which will provide panchayats with broadband network, will be executed through special purpose vehicles (SPVs).

The MIZs are to have private sector participation and to ensure this the policy has provisions to enable small and middle enterprises (SMEs) to set up units through venture capitalists, who will find financial backing from the nationalised banks and insurance companies.

“This is to unleash the entrepreneurial energies of young India,” Sharma assured.

The new zones, which are a variant of special export zones (SEZs) but with a broader domestic base, have enormous incentives through subsidies for use of green technologies and set up industrial training centres and polytechnics to create the skilled work force to make them hum. Subsidies will also be used to create patent pools for green technologies.

The zones, the commerce and industry minister said, will be labour-friendly, and that unlike the existing exit policy, the new provision is to redeploy the work force in the same zone.

Sharma revealed that the share of manufacturing in India’s GDP is low in comparison with economies at a similar stage of growth and development, and that it has declined over the last one-and-a-half decades. He said that the share of manufacturing in the GDP in South Korea was 28 per cent, in Indonesia 27 per cent, in Thailand and China (34 per cent).
 
The government plans to earmark Rs 3,500 crore every year for the next five years to set up the seven mega industrial towns that will come up on the proposed Delhi-Mumbai industrial corridor (DMIC).

These cities - or National Investment and Manufacturing Zones (NMIZs) - on the proposed 1,483-km DMIC project will run through seven states: Delhi, Uttar Pradesh, Haryana, Rajasthan, Gujarat, Madhya Pradesh and Maharashtra.

"The government will provide Rs 500 crore per year per industrial city to the fund for the next five years beginning 2012-13, as grant for the creation of capital assets for catalysing the development of these cities," a source, who did not wish to be identified, told HT.

Last week, the Union Cabinet approved the National Manufacturing Policy that set the ground for creating mega industrial cities that would spin 100 million jobs over 15 years.

Another R200 crore a year is likely to be set aside from the union budget, to be used by Delhi-Mumbai Industrial Corridor Development Corporation (DMICDC) to create infrastructure.

The resources will be parked in a corpus known as the DMIC Project Implementation Fund.

The fund will be established as a trust, empowered to raise long-term debt finance at attractive rates from institutions and also to raise tax-free bonds. It will be administered by Board of Trustees chaired by the secretary, department of industrial policy and promotions (DIPP), with representatives from the departments of economic affairs, expenditure, planning commission, and the DMICDC chief.

"The board of trustees will decide the optimal mix and choice of financial instruments along with suitable terms and conditions," the source said. The central government's contribution to the fund would be used as a revolving corpus.

A special purpose vehicle (SPV) would be created under the Companies Act for each industrial city node, tasked with dual responsibilities of the development authority and the municipal administration.

"The financial assistance from the Centre will be a mix of equity and debt. The SPV at each node would be empowered and given the development rights in delineated areas with adequate functional freedom," the source said.
 

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