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PM’s reassurance to industry encouraging; corporate sector to work together with govt. to achieve common goal of India’s holistic development: ASSOCHAM


Monday, July 30, 2018

Lucknow, July 30, 2018:
Apex industry body ASSOCHAM today lauded Prime Minister (PM) Narendra Modi on reiterating government’s support to industry and working together for country’s holistic development at an event held here yesterday.
“The Prime Minister’s reassurance to the corporate sector will boost confidence and allay industries’ concerns which would go a long way in achieving common desire of inclusive and sustainable growth,” said ASSOCHAM president, Mr Sandeep Jajodia.
“Engagement with industry will pave the way for large investments in diversified sectors, spur job creation, promote rapid industrialisation and infrastructure development in Uttar Pradesh (UP),” said Mr Jajodia.
The ASSOCHAM chief also suggested UP government to form an inter-ministerial committee to take stock of the progress in investment proposals attracted by the state in investors’ summit held earlier this year.
“A task force may be constituted to review the status of implementation of the investment projects as actual benefits of an investment are only derived upon completion,” he said.
“Such an initiative would further repose business community’s trust in the government and help the state in luring private investors,” added Mr Jajodia.
ASSOCHAM also suggested Yogi Adityanath government to conduct countrywide road shows to draw large pool of investments and simultaneously keep monitoring on-ground implementation of investment projects to create employment opportunities for youth of the state.
“The state government should further strive to improve the industrial and business ecosystem to come at par with states like Gujarat, Odisha, Maharashtra and others,” said ASSOCHAM president.

ASSOCHAM initiated its endeavour of value creation for Indian industry in 1920. It was established by promoter Chambers, representing all regions of India. Having in its fold over 400 Chambers and Trade Associations, and serving over 4.5 lakh members across India. ASSOCHAM has emerged as the fountainhead of Knowledge for Indian industry, which is all set to redefine the dynamics of growth and development in the Knowledge Based Economy. More information available on
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