Speed Post News Network
New Delhi : PM Narendra Modi on April 30, 2020, held a comprehensive meeting to discuss strategies to attract more foreign investments into India as well as to promote local investments in order to give a boost to the economy against the backdrop of the COVID-19 Pandemic.
It was discussed that a scheme should be developed to promote more plug and play infrastructure in the existing industrial lands/plots/estates in the country and provide necessary financing support. During the meeting, the PM directed that action should be taken for a more proactive approach to handhold the investors, to look into their problems, and help them in getting all the necessary Central and State clearances in a time bound manner, according to a PIB release.
Various strategies to bring investments into India in a fast-track mode and to promote Indian domestic sectors were also discussed at the meeting. Detailed discussions were held on guiding states to evolve their strategies and be more proactive in attracting investments. It was 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.
The meeting was attended by the Finance Minister, Home Minister, Commerce & Industries Minister, MoS (Finance) along with senior officials of the Government of India.