Narendra Modi government has shifted focus to accelerate economic activities. Lockdown has been going on in the entire country since 25 March, due to which the economy has got a huge shock. The train of development seems to be stalling due to the stagnation of economic activity. In such a situation, Prime Minister Narendra Modi held an important meeting to woo foreign investors and accelerate domestic investment in order to revive the country’s economy.
Clearance process should be easy
In the meeting, the PM said that special care should be taken to ensure that investors do not face any problem. They do not have any problem regarding clearance at the central and state level and the time taken in this process should be reduced. It was discussed in the meeting that a scheme should be developed and provide necessary financial support to promote the existing industrial land/plot/estate infrastructure in the country.
PM Narendra Modi today 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 #COVID19 Pandemic: Prime Minister's Office pic.twitter.com/oPbw2Rx7gI
— ANI (@ANI) April 30, 2020
Instructions were also given to the states
When PM Modi held a meeting with the Chief Ministers on April 27, he had also directed the states to lay a red carpet for foreign investors. It should not happen that any investor leaves the country and moves elsewhere.
Investors are looking for alternatives to China
In fact, in many reports, it is being said that amid the Corona epidemic, companies and investors from all over the world are looking for an alternative to China and they are eyeing India. Economic experts also say that this is a golden opportunity for India. If India takes advantage of this opportunity, then in the coming days it can play an important role in the global supply chain.