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Differences hold manufacturing policy, DMICDC cleared

Differences hold manufacturing policy, DMICDC cleared
PTI
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First Published: Thu, Sep 15 2011. 02 55 PM IST
Updated: Thu, Sep 15 2011. 02 55 PM IST
New Delhi: Decision on much-awaited National Manufacturing Policy (NMP) was deferred on Thursday in the wake of inter-ministerial differences on proposals for giving exemptions from labour and environment laws to units in the proposed industrial enclaves.
However, the other proposal for giving a boost to the manufacturing by way strengthening Delhi-Mumbai Industrial Corridor Development Corporation (DMICDC) was approved by the Union cabinet, information and broadcasting minister Ambika Soni told reporters.
Asked why the NMP was not be cleared, Soni said “Labour minister (Mallikarjun Kharge) was absent. There was a discussion...some ministers had queries and the minister concerned (commerce and industry minister Anand Sharma) answered them”. She said Kharge was traveling abroad.
While she said the cabinet would soon take up the NMP again, according to sources both labour and environment ministries are not on board with commerce and industry ministry for giving relaxation to industry on the labour and green laws.
The NMP aims at creating over 220 million jobs in the next 15 years and is keenly awaited by the industry.
The proposal related DMICDC relates to fund infusion of Rs 18,500 crore as also change in the equity structure of the company, sources said.
The fund infusion is for creating seven new cities in six states including Gujarat, Haryana, Uttar Pradesh and Madhya Pradesh.
At present, the government has a 49% stake in the DMIC project, while 51% is jointly held by Infrastructure Leasing and Financial Services (IL&FS) and Infrastructure Development Finance Company (IDFC).
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First Published: Thu, Sep 15 2011. 02 55 PM IST