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Our Bureau

New Delhi , Oct. 28

THE Confederation of Indian Industry (CII), on Thursday, announced that it would set up a foreign direct investment (FDI) promotion council to facilitate incremental foreign direct investment.

Announcing this, Mr Sunil Kant Munjal, President, CII, said that it had set up task forces for various sectors including education, energy and tourism. CII would also help train 1 million people over the next couple of years for which the industry chamber is working with the National Productivity Council, he added.

The challenges before the country were to promote agriculture, remove infrastructural bottlenecks, especially in regulation, generate jobs, and to meet social needs.

He specifically raised three concerns — quick implementation of the value added tax (VAT) regime, enactment of a unified food law, and promoting small and medium enterprises (SMEs) through clusters.

More Stories on : Foreign Direct Investment | Industry Associations

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