12th Plan: Government approves Rs
600 crore mega leather cluster
The government has approved Rs 600 crore mega
leather cluster development scheme for the 12th Five Year Plan
(2012-2017), to make the Indian Industry globally competitive.
The concept of mega
leather clusters seeks to address the constraint of large infrastructure with
integrated production chains in the country.
Considering the
limitations of space in the existing clusters, it is anticipated that clusters
would be set up in Andhra Pradesh, Bihar, Jammu and Kashmir, Himachal Pradesh
and Rajasthan in view of the labor advantage and raw material availability.
Each cluster project will be implemented by a
special purpose vehicle (SPV), wherein the government could provide financial
assistance up to 70 percent of the project cost.
Joachim Gauck: the new German President
Civil rights activist
Joachim Gauck was elected as Germany’s 11th President with an
overwhelming majority, becoming the first candidate from the former communist
East Germany to be the head of the state.
Gauck will eventually
succeed Christian Wulff, who stepped down a month ago over allegations of
receiving favors from business friends. Gauck, who had lost the last
presidential race against Wulff 20 months ago, was pretty assured of a victory
this time because he was the joint candidate of five main parties represented
in the Bundestag, the lower house of the Parliament.
Only the Left party
opposed his nomination and fielded its own candidate. Gauck, a former
protestant theologian, who played a leading role in the “peaceful revolution”
in former East Germany which led to the collapse of the communist regime 22
years ago, received 991 votes from 1,232 delegates in a special parliamentary
assembly.
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