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Maharashtra numero uno in attracting FDI: CM

Monday, 8 October 2012 - 8:30am IST | Place: Mumbai | Agency: dna
Prithviraj Chavan has said that a strong industrial culture, ready availability human resources and a big market has enabled the state to be at the forefront of securing foreign investment in almost every sector.

Maharashtra chief minister Prithviraj Chavan has said that a strong industrial culture, ready availability human resources and a big market has enabled the state to be at the forefront of securing foreign investment in almost every sector.

“The state — the second largest by population after Uttar Pradesh — has attracted almost 34% of the foreign investment that has come into the country, due to helpful infrastructure development and industry-friendly measures initiated by the state government, on the basis of directives issued by the Centre,” Chavan said, after inaugurating the 88th general council meeting of the Indian National Trade Union Congress (INTUC) at Gadkari Rangayatan, in Thane, on Sunday.

“The state has about 12,000 small, medium and big industrial units and industrial relations are the best here, which helps mushrooming of trade. Industrial houses and the workforce work hand-in-hand, giving us an edge over other states,” the chief minister said. “But we must use our natural resources carefully as this is the only area where there can’t be international funding.”

He said that this was probably also the reason why Maharashtra has welcomed the liberalisation policies announced by the UPA government as we understand that this would help in the overall development of the country.

Union labour minister Mallikarjun Kharge, who presided over the function, reiterated the union government’s commitment towards solving the problems of workers. “The ministry has initiated various schemes and measures, like amending the Minimum Wages Act and the Payment of Bonus Act,” the minister said. The cabinet has also approved increasing the gratuity limit to Rs 10 lakh from Rs 3.5 lakh, he said.

Pointing to new challenges in the context of the global economic slowdown, Kharge asked employers to respect workers, since they were the ones who contributed the most to overall productivity.




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