Lok Sabha Question No. 510 (UNSTARRED), answered on 2020-09-16
Subject: Global Investments
Ministry: COMMERCE AND INDUSTRY
Asked by: D. M. Kathir Anand

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT FOR PROMOTION OF INDUSTRY AND INTERNAL TRADE

## LOK SABHA

## UNSTARRED QUESTION NO. 510. TO BE ANSWERED ON WEDNESDAY, THE 16 TH  SEPTEMBER, 2020.

## GLOBAL INVESTMENTS

## 510.   SHRI D.M. KATHIR ANAND:

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

वाणिज्य एवं उद्योग मंत्री

- (a) whether  the  Government  has  taken  any  measures  during  the  pandemic  to boost global investments in India and set up their manufacturing base;
- (b) if so, the details therefor, State-wise including Tamil Nadu; and
- (c) the  details  of  the  logistics  and  infrastructure  facilities  provide  by  the  Union Government to boost investment in the country sector wise ?

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

- (a) to (c): 'Make  in  India'  was  launched  on  September  25,  2014,  to  facilitate investment, foster innovation, building best in class infrastructure, and making  India  a  hub  for  manufacturing,  design,  and  innovation.  The development of a robust manufacturing sector continues to be a key priority  of  the  Indian  Government.  It  was  one  of  the  first  'Vocal  for Local'  initiatives  that  exposed  India's  manufacturing  domain  to  the world. The sector has the potential to not only take economic growth to a higher trajectory but also to provide employment to a large pool of our young labour force.

Since  its  launch,  Make  in  India  has  made  significant  achievements and is now focusing on 27 sectors under Make in India 2.0. DPIIT is coordinating  Action  Plans  for  15  manufacturing  sectors,  while  the Department of Commerce is coordinating for 12 service sectors.

Investment outreach is being done through Ministries, State Governments and Indian Missions abroad; Investment Identification of potential  investors,  handholding  and  investment  facilitation  is  done through Invest India.

Recently, Government has taken various steps in addition to ongoing schemes to boost domestic investments  in  India.  These  include  the National  Infrastructure  Pipeline,  Reduction  in  Corporate  Tax,  easing liquidity  problems  of  NBFCs  and  Banks,  trade  policy  measures  to boost domestic manufacturing. Government of India has also promoted domestic manufacturing of goods through public procurement orders, Phased Manufacturing Programme (PMP), Schemes for Production Linked Incentives of various Ministries.

In the COVID-19 scenario, 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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