New Delhi – The Government has started various initiatives to arrest the decline in industrial growth trends which fell from 2.9% in 2011-12 to 1.1% in 2012-13 and further to (-) 0.1% in 2013-14, Nirmala Sitharaman, Ministry of Commerce & Industry informed Rajya.
Various steps taken by the Government like reducing the number of industries considered as defense industries requiring industrial license, increase of FDI in defense up to 49% and in railways infrastructure up to 100% and the Make in India program have all boosted production.
Apart from these measures, the government has also set up web portals to help investors. An Investor Facilitation Cell, with back end support up to the State level has also been created to facilitate things for investors.
The Index of Industrial Production, which measures industrial growth, had been in decline from 2.9% in 2011-12 to 1.1% in 2012-13 and further to (-) 0.1% in 2013-14. But it has recorded a positive growth of 2.1% during April-December 2014-2015.
Prime Minister K.P. Sharma Oli has told his Indian counterpart Narendra Modi that Nepal’s territory will not be used against New Delhi’s interests, Indian Foreign Secretary Vijay Gokhale said here on Saturday.
“Oli reiterated that they will be sensitive to our concerns and their territory will not be allowed to be used by anybody against India. Prime Minister Modi reciprocated the sentiments,” Gokhale told the media.
Gokhale called Oli’s view “very significant”.
There was a chill in India-Nepal ties during Oli’s earlier stint as Prime Minister between October 2015 and August 2016 when a border blockade blamed on New Delhi crippled Nepal’s economy.
There were also perceptions that Oli was leaning towards China than India.
Gokhale said that Modi’s two-day visit to Nepal was aimed to strengthen bilateral relations “whether it be cross-border electricity or cross-border connectivity”.
“We are looking into cross-border electricity and cross-border connectivity not only with Nepal but other neighbouring countries as well,” he said.
After assuming office in February, Oli made his first foreign visit to India in April.
Stating that India welcomed the restoration of democracy in Nepal, Gokhale said that both the government and the opposition in the Himalayan nation were parties to it.
He said both sides agreed to be committed towards the stated projects. “We will address this within a set timeline.”
According to Gokhale, Oli confirmed to Modi that Nepal will host the the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (Bimstec) summit this year.
Bimstec comprises seven countries lying in the littoral and adjacent areas of the Bay of Bengal — Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand.
Gokhale also said that Modi’s visits to cultural sites in Nepal “suggested that there should be strong people-to-people ties”.
Apart from offering prayers at temples in Nepal, the Indian leader inaugurated the Janakpur-Ayodhya bus service, a 900 MW hydropower project and announced Rs 100-crore aid to develop Janakpur city.