The Indian President, Mr. A.P.J. Abdul Kalam addressed to the joint session of Parliament for Software Outsourcing Development industry, he said a comprehensive civil aviation policy is on the anvil, while efforts would be on to attract massive investments in ports, roads, power, telecom and railway., he also said that the UPA- United Progressive Alliance Government will be continuing to accord top priority and best effort for Software Outsourcing Development and infrastructure while policy initiatives with foreign direct investment - FDI will keep the national interest in mind.
Besides labor-intensive sectors like textiles or garments, leather and leather goods and food processing, he said that the Government is planning to launch a 10-year National Manufacturing Initiative to step up investments; and the focus would be on "dynamic services sector" including software outsourcing, tourism, education and healthcare.
The requirement for greater, private initiative and reduction by Government role in areas where it can afford to stand by aside is underscored by MR. Abdul Kalam. The good governance today implements more efficient use of public money or finances in sectors which Government must have invest and less Government intervention in areas where individual initiative can be achieved more, he said.
Mr. Abdul Kalam said that Government was also keen to create world-class airports by doing that we will have better infrastructure than at present. He also said that an action plan for developing highways involving sum of investments by Rs 1, 75,000-crore in next seven years is under way. Another Rs 20,000-crore would be aside to develop two dedicated high capacity freight corridors that is the eastern corridor from Ludhiana to Sonanagar and second is the Western corridors from Jawaharlal Nehru Port Trust to Dadri.
With the increasing by FDI or its flows, the President of India said that the current UPA Government has already taken steps to remove outdated restrictions. We will make a policy framework that attracts Foreign Direct Investment, that keeping in view our overall country interest. “With a view by removing unnecessary hurdles and outdated restrictions the Government has taken appropriate decisions to rationalize the FDI policy," Mr. Kalam said.
Mr. Kalam said that private initiatives should be encouraged in developing infrastructure facilities like Software Outsourcing industry. "Government is committed to develop world-class infrastructure. With the continuing to play an important role by the public sector, it will be necessary to create a policy and regulatory environment that attracts long-term private investment in infrastructure especially for Software Outsourcing development," the President said.
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