Improve investment climate

Industry continues to face the same bottlenecks in infrastructure and procedures and there is an urgent need to remove these constraints so as to have a sustained double digit industrial growth. This is the message emerging out of the Economic Survey presented to Parliament on Friday.

Industry continues to face the same bottlenecks in infrastructure and procedures and there is an urgent need to remove these constraints so as to have a sustained double digit industrial growth. This is the message emerging out of the Economic Survey presented to Parliament on Friday.

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Though the country has made the highest progress among the South Asian nations in improving its investment climate last year, it still ranks far behind China, Brazil or Mexico in time taken to secure the necessary clearances, according to a World Bank report on “Doing business in 2005: Removing obstacles to growth”.

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