Chandigarh

CII PRESENTED A ROADMAP FOR UT TO ATTAIN USD 15 BILLION ECONOMY BY 2023-24

January 16, 2020 06:40 PM

Chandigarh (Face2News)

Prime Minister of India has set a target for Indian Economy to attain USD 5 trillion benchmark by the year 2023-24. In this regard, role of each constituent states / UTs becomes very critical. To attain USD 5 trillion milestone, Confederation of Indian Industry has prepared roadmap and vision document for states / UTs and has presented to respective governments. In this backdrop, CII presented a roadmap for the UT to attain a USD 15 billion economy by 2023-24 through a ’10 Point Agenda for Accelerating Growth’, contributing to the larger vision of the Indian nation.

CII strongly advocated the construction of Flyovers towards improvising the traffic conditions and decongestion of the bottlenecks in the city areas including that of the long awaited Sector 32 to Airport lights. Tourism was identified as another crucial area and it was recommended that the UT should promote it heritage, such as art, culture and locations of historical significance. 

This document also captured key recommendation from industry for the budget of Chandigarh. With an objective to position Chandigarh as Smart, Sustainable and Developed Union Territory, CII for the very first time, presented a Pre-Budget Memorandum for active consideration by the Administration. 

The key thrust was on development of Chandigarh as Smart City in its true sense by increased allocation of requisite resources for creating state-of-art infrastructure such as roads, multi-story parking facilities and enhancing transportation. Boosting of city specific e-vehicles policy and constant monitoring of its progress was also flagged by the Confederation.

CII strongly advocated the construction of Flyovers towards improvising the traffic conditions and decongestion of the bottlenecks in the city areas including that of the long awaited Sector 32 to Airport lights. 

Tourism was identified as another crucial area and it was recommended that the UT should promote it heritage, such as art, culture and locations of historical significance. The Public-Private model should be necessarily explored in this context and dedicated funds should be provided for carrying out aggressive tourism marketing activities. Making Chandigarh a Wi-Fi enabled city to attract tourist was also recommended. Promotion of Medical Tourism may also add value to the UT in a unique way as it is geographically located at a strategic juncture in the Northern Region. 

Solar power has untapped potential in many areas of our country and henceforth, The Ministry of New and Renewable Energy (MNRE), Government of India has selected Chandigarh to be developed as Model Solar City through the Chandigarh Renewable Energy, & Technology Promotion Society (CREST). Going forward CII recommends that The UT’s strategy may entail covering all rooftops of offices as well as residential buildings under solar generation to realize the envisioned installation of 69 MW of solar power by 2022. Early and planned disbursal of subsidies and continuity in policy was also recommended towards the same. 

Further, it was emphasized that promotion of Startups and Entrepreneurship and Ease of Doing Business with Industry Facilitation must be indispensable in the budget allocation exercise. Development of the MSME sector should remain vital to the progressive Union Territory. Education, Skill Development and Healthcare are also the fundamental domains where Chandigarh has set up exemplary models for others to follow. Developing Special Economic Zone (SEZ) and considering allotting of land on a free hold basis at concessional rates to reputed IT firms in order in order to attract investments should also be looked into by the Administration. 

Mr Ajoy Kumar Sinha, Finance Secretary, Chandigarh Administration appreciated CII and its efforts towards structuring the aforementioned and also urged the organization to share its views on new sectors that might attract investments to Chandigarh at a global level. 

 
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