ASSOCHAM Reaction on Performance of Eight Core Industries in February 2014
The performance of eight core industries during February 2014 indicates skewed performance of infrastructure sectors, while electricity and steel segments have performed well, production of natural gas and fertilizers shrunk, however, owing to the strong performance of electricity, the overall index increased by 4.5 percent, said Mr D.S. Rawat, secretary general of ASSOCHAM while reacting on the performance outcome of the core industries today.Attributing this performance to the nagging policy issues linked to the pricing of gas and coal, problems associated with the power distribution policy and continued monopoly of public sector in coal production, The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has advocated for strong policy action in all these areas.
The new government needs to initiate a comprehensive review of not only policies but also processes that govern core industries, said Mr Rawat.
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