Sarkaritel.com International News and Features

SEZs are future vehicle of economic activities : Kamal Nath

New Delhi, November 16, 2006

Kamal Nath, Minister of Commerce & Industry, has said that Special Economic Zones (SEZs) are the future vehicle of economic activities. Addressing the 8th Ernst & Young Entrepreneur of the Year Awards function in Mumbai he said: 41 SEZs are already operational, while approvals have been given for more than 237 SEZs and about 244 proposals are under consideration.

Paying a big tribute to the private sector, he said: "At the centre of this success story have been our entrepreneurs who have been injecting verve and creativity into Indian industry as they focus increasingly on competing in global markets.In the sector of civil aviation more than 65% of the passengers are carried by private airlines as against none in 1991. Similarly, in the telecommunication sector, the major communication traffic is carried out by private entrepreneurs.

Construction is another example. In fact, most of the service sector growth, which forms 50% of our GDP, is due to the private sector. The success of entrepreneurs in services, in BPO, IT, Drugs and Pharmaceuticals, Films, Advertising, Education, Health, Tourism and other knowledge base sectors in India is only due to private entrepreneurs".

E-Mail : newseditor@sarkaritel.com