New Delhi: At a time when the Indian industrial sector is going through a tough phase because of the coronavirus pandemic, Prime Minister Narendra Modi on Thursday held a comprehensive meeting with ministers and ministry officials to discuss strategies to attract more foreign investments into the country. Also Read - Ministry of Commerce Working on Financial Package For Tea Industry: Official
During the meeting, PM Modi discussed innovative ways to promote local investments in order to give a boost to the economy against the backdrop of the COVID-19 pandemic. Also Read - Amid Lockdown, Tea Industry Seeks 50% Workforce in West Bengal Gardens
As per updates from the PMO, PM Modi told the officials concerned that the action should be taken for a more proactive approach to handhold the investors, and also to look into their problems and help them in getting all the necessary Central and State clearances in a time-bound manner.
During the meeting, it was discussed that a scheme should be developed to promote more plug and play infrastructure in existing industrial lands/plots/estates in the country and provide necessary financing support.
The meeting also discussed various strategies to bring investments into India on fast-track mode and to promote Indian domestic sector.
The direction from PM Modi comes at a time when the economy is passing through its worst phase and there is a need to support investors.
The comprehensive meeting with PM Modi was attended by Finance Minister Nirmala Sitharaman, Home Minister Amit Shah, Minister for Commerce and Industries Piyush Goyal, MoS Finance Anurag Thakur and other senior officials.
In the meeting, a detailed discussion was held on guiding states to evolve their strategies and be more proactive in attracting investments.
PM Modi also discussed that the reform initiatives undertaken by the various Ministries should continue unabated and action should be taken in a time-bound manner to remove any obstacles which impede promotion of investment and industrial growth.
Notably, this is the first such meeting held in perspective of investors since the nationwide lockdown was imposed on March 24 by Prime Minister Modi.
After lockdown 2.0 was announced, the Centre’s focus is now to boost the economy of the country along with following the restrictions so that the novel coronavirus’ effect continues to decrease and is contained.