Lok Sabha Question No. 1733 (UNSTARRED), answered on 2020-09-21
Subject: Impact of Lockdown on Industries
Ministry: COMMERCE AND INDUSTRY
Asked by: Subhash Chandra Baheria

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

## LOK SABHA

## UNSTARRED QUESTION NO. 1733. TO BE ANSWERED ON MONDAY, THE 21 ST   SEPTEMBER, 2020.

## IMPACT OF LOCKDOWN ON INDUSTRIES

## 1733.  SHRI SUBHASH CHANDRA BAHERIA:

Will the Minister of COMMERCE AND INDUSTRY be pleased to state: वाणिज्य एवं उद्योग मंत्री

- (a) the steps taken so far to revive the industry and business from slowdown due to COVID-19 pandemic; and
- (b) the  relief  provided  by  the  Government  for  the  purpose  under  AatmaNirbhar Bharat Abhiyan?

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

Promotion  of  industries  is  a  continuous  and  ongoing  effort  of  the Government. Government has taken a number of steps, in addition to the ongoing schemes, to boost the growth of industries. The measures

- (a) & (b): taken in a few important areas are highlighted below:
- 1) Aatmanirbhar  Package to boost Industrial  growth  has  been announced by the Government for Rs. 20.97 lakh crore with bold reforms  in  a  number  of  sectors.    The  Emergency  Credit  Line Guarantee Scheme (ECLGS), having provision of Rs 3 lakh crores, is 100% credit guarantee and Collateral Free Automatic Loans for MSMEs. Financial support has been given to the stressed MSMEs with infusion of Rs.20,000 crore equity support through Subordinate Debt.   Fund of Funds created to infuse equity worth Rs.50,000 crore in the MSME Sector by setting up Rs.10,000 crore Corpus Fund. Also, Government is ensuring timely payment to the MSMEs by instructing all Government of India and CPSEs to clear all  receivables  of  MSMEs  within  45  days.  Procurement  from domestic  companies  is  being  encouraged  by  disallowing  global tender in government procurement tenders upto Rs 200 crores.
- 2) Higher  FDI  cap has  been  allowed  through  automatic  route  in  a number of sectors by streamlining and liberalising several sectors. Empowered Group of Secretaries (EGoS) & Project Development
- Cells  (PDCs)  have  been  set  up  in  order  to  provide  support  and facilitation to investors for investing in India and to boost growth in key sectors of the economy.
- 3) A centralized Investment Clearance Cell is being created, which would provide end-to-end facilitation support, including preinvestment advisory, information related to land banks and facilitating clearances at Central and State level.
- 4) In order to realize the economies of scale, incentives are extended to  units  as  per  annual  increases  in  their  production/sale  under Production  Linked  Incentive  (PLI)  scheme .  PLI  scheme  has been announced for large scale electronics manufacturing (Rs.40,955  crore),  medical  devices  (Rs.3,420  crore)  and  KSMs/ Drug Intermediates and APIs  (Rs. 6,940 crore).
- 5) In order to promote domestic manufacturing of sectors facing high imports or cheaper imports, incentives are provided through rationalization of Basic Customs Duty on identified products under Phased Manufacturing Programme (PMP) .  Presently, PMP is in operation for Cellular Mobile Handsets and e-vehicles.
- 6) The Government has launched the National Infrastructure Pipeline (NIP) in December, 2019 to provide world-class infrastructure across the country and improve the quality of life for all citizens. As per Final Report submitted by the NIP Task Force, the projected total  expenditure  on infrastructure would  be  of Rs. 111 lakh crore during the period FY 2020-25.

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