Disappointed with the Reserve Bank's decision
to hold a key interest rate, Chandrajit Banerjee, director general of CII said
at a time when growth impulses remain weak and WPI inflation has been on a
declining trajectory for the last nine months, the RBI should have announced a
cut in policy rates which would stimulate demand and kick-start the investment
cycle.
The markets now are anticipating a stable
government and rapid policy actions.
The Indian government has agreed to help
implement National Policy on Rubber (NPoR) developed by the All India Rubber
Industries Association (AIRIA) and has advised all rubber industry stakeholders
to come together to implement the NPoR, according to the AIRIA.
AIRIA looks forward to inputs from the
industry as it takes unto itself to direct and provide opportunities for growth
for this perceived Sunrise Sector. The multifaceted policy includes plans to
create an indigenous ecosystem in India for natural rubber; to promote
cutting-edge research and development in rubber; to attract investment; to make
India’s rubber industry the most technologically advanced in the world; to
increase both production and consumption of rubber; and to increase
productivity, quality and employment.
What our readers say: http://rubber4u.com/Public/Views.pdf
Read
lot more in Rubber4U – 15th April 2014 issue
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