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Act East policy will open markets like Myanmar, ASEAN for East India: Prez
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SME Times News Bureau | 24 Aug, 2016
The Act East policy of the
central government will open new markets like Myanmar and the ASEAN
countries for eastern Indian entrepreneurs, President Pranab Mukherjee
said in Kolkata on Tuesday.
"The Look East policy of the government has
opened new doors of opportunities for entrepreneurs and with it, Act
East policy too would open new markets of Myanmar, ASEAN and some other
countries for the entrepreneurs of Eastern India," Mukherjee said at a
programem here.
Lauding the Look East and Act East policies, he
went deep into the past as he recollected that India in the east served
as the hub of international trade right from the times of the Egyptian,
Mesopotamian and Greek civilisations.
"It was the eastern part of
India that had fuelled and sustained the European and British
revolutions in the 16thand 17th centuries and it was here that the great
industrialisation dream of Pandit Jawahar Lal Nehru in early post
independent India, took shape," he said while inaugurating the new
building of Bharat Chamber of Commerce.
Mukherjee recollected his
past duties as the country's finance minister when he had an
opportunity to shape and foster policies aimed at revolutionising the
East's economic growth and said the same may be played out during the
next decade or so too.
He urged entrepreneurs to avail the opportunities and drive the engines of growth by utilising the growth models and techniques.
The
president said the task should be to ensure equitable growth-the growth
that is not limited to the affluent colonies of Kolkata and other state
capitals, but one that reaches the villages in the hinterland.
"India
has to continue its march forward and has to sustain the growth rate
that it has achieved during the decades of post liberalisation and in
this work the eastern part of India will have to fire the engine of
growth," he said.
The president expressed the hope that the
recently-passed GST Act will ensure transition cost and double taxation
is minimised by evolving a common national market that will benefit
businessmen and traders.
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