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Construction : Exclusive Report | September 2013 | Source : Construction Update

Puducherry's new industrial policy aims at 7% growth

For employment oriented sustainable industrial growth in the Puducherry Union Territory (UT), the UT government has rolled out a new industrial policy. The policy's aim is to promote pollution free and less water intensive industrial growth in the UT. The policy seeks to achieve seven per cent per annum industrial growth rate as manufacturing sector contributing 60 per cent share to the Gross State Domestic Product (GSDP).

Thrust areas for industrial development have been identified as part of the the new policy.

It seeks to establish an investment friendly climate through transparent and proactive governance and ensure balanced and sustainable industrial development in all the four regions of Puducherry, Karaikal, Mahe and Yanam while conserving all aspects of environment.

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