Lok Sabha Question No. 550 (UNSTARRED), answered on 2020-09-16
Subject: Boosting Exports
Ministry: COMMERCE AND INDUSTRY
Asked by: Parvatagouda Chandanagouda Gaddigoudar

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY

## DEPARTMENT FOR PROMOTION OF INDUSTRY AND INTERNAL TRADE

## LOK SABHA

## UNSTARRED QUESTION NO. 550. TO BE ANSWERED ON WEDNESDAY, THE 16 TH  SEPTEMBER, 2020.

## BOOSTING EXPORTS

## 550.   SHRI P.C. GADDIGOUDAR:

Will the Minister of COMMERCE AND INDUSTRY be pleased to state:

वाणिज्य एवं उद्योग मंत्री

- (a) whether the Government has recently held talks with big corporates to boost investment and spur economic activity;
- (b) if so, the details thereof; and
- (c) the steps taken by the Government to generate more employment opportunities through corporate sector in the country?

## ANSWER वाणिज्य  एवं उद्योग मंत्री (श्री पीयूष गोयल) THE MINISTER OF COMMERCE & INDUSTRY (SHRI  PIYUSH GOYAL)

- (a) to (c): The  Government  holds  regular  interactions  and  discussions  with various industries and industry bodies to understand the issues being faced by them in their bid to expand operations and possible measures to  resolve  them.  Engagement  with  industry  bodies  like  CII,  FICCI, ASSOCHAM  etc.  gives  deeper  insight  into  business  plans,  and possible constraints faced by industry.

Government  is  holding  regular  meetings  with  sectoral  Ministries  of Champion sectors, industrialists, and concerned industry associations in  line  with  the  Hon'ble  Prime  Minister's  vision  towards  $1  Trillion Manufacturing  Economy,  with  the  objective  to  develop  a  detailed actionable roadmap, focused on identified sectors and discuss conducive policy environment and interventions needed to make India's manufacturing globally competitive. Government  of India is also interacting with State Governments regularly to understand the issues being  faced  by  investors  which  needs  quick  resolution  from  Central Government.

Further, with a view to support, facilitate and provide investor friendly ecosystem to investors investing in  India,  the  Union  Cabinet  on  03rd June, 2020 has approved constitution of  Empowered  Group  of

Secretaries (EGoS) for Investment chaired by Cabinet Secretary with CEO, Niti Aayog, Secretary, D/o Commerce, Secretary, D/o Revenue, Secretary, D/o Economic Affairs and Secretary DPIIT as Members with following main objective:

- i. To bring synergies and ensure timely clearances from different departments and Ministries.
- ii. To attract increased investments into India and provide investment support and facilitation to global investors.
- iii. To facilitate investments of top investors in a targeted manner and  to  usher  policy  stability  and  consistency  in  the  overall investment environment.

Union  Cabinet  also  approved  constitution  of  Project  Development  Cells (PDCs) in all concerned Ministries/ Departments to fast-track investments in  coordination  between  the  Central  Govt.  and  State  Govt.  and  thereby grows  the  pipeline  of  investible  projects  in  India  and  in  turn  increases domestic  investments  and  FDI  inflow.  PDCs  have  the  following  main objectives.

- i. To create projects  with  all  approvals,  land  available  for  allocation and with the complete  detailed project reports for adoption/ investments by investors.
- ii. To identify issues that need to be resolved in order to attract and finalize the investments and put forth these before the Empowered Group.
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