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Industry & Economy - Industry Associations


Assocham calls for infrastructure equity fund

Our Bureau

NEW DELHI: The Associated Chambers of Commerce and Industry of India (Assocham) has called for the creation of an infrastructure equity fund to accommodate needs of Government and other multilateral agencies.

The Government should expand irrigation potentials through projects such as river connectivity, rain harvesting, and decentralised projects of watershed developments, the Assocham President, Mr M.K. Sanghi, said here in a statement. He added the disinvestment programme of the Government should not be buried.

Mr Sanghi, on welcomed the Government's decision to introduce Value Added Tax, saying it will help India have a common market.

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