PM Modi discusses strategies to promote investment, boost economy

TIMESOFINDIA.COM | Updated: Apr 30, 2020, 17:47 IST

NEW DELHI: Prime Minister Narendra Modi on Thursday held a comprehensive meeting to discuss various strategies to attract more foreign investments into India, as well as to promote local investments in order to give a boost to the economy in wake of the Covid-19 pandemic.
During the meeting, attended by finance minister Nirmala Sitharaman, home minister Amit Shah, minister for commerce & industries, MoS (finance) and other senior officials, the PM directed all the concerned that action should be taken for a more "proactive approach" to handhold investors, to look into their problems and help them in getting all the necessary central and state clearances in a time-bound manner.
"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," the government said.
The government added that various strategies to bring investments into India in a fast-track mode and to promote Indian domestic sectors were discussed in the meeting. "Detailed discussions were held on guiding the states to evolve their strategies and be more proactive in attracting investments," it said.
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 the promotion of investment and industrial growth in the country.