Develop fast track strategy to promote local industries and attract foreign investment: PM Modi

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New Delhi, Thursday 30 April 2020

The Government of India has become vigilant to ensure that Vietnam, the Philippines, Sri Lanka, Africa and Bangladesh do not take advantage of the anger of many countries towards China.

The ministry has been meeting for several days on how India should take advantage of this opportunity and increase its share in the world's supply chain.

Prime Minister Narendra Modi has given a guru mantra to the ministry and officials on this issue. The Prime Minister held a comprehensive meeting to bring foreign investment in the country.

The meeting was attended by several ministers of state and officials, including the finance minister, commerce and industry minister, and home minister.

Prime Minister Modi chanted the mantra that infrastructure needs to be further strengthened to attract investors with mature plans.

Prime Minister Modi was proactive and asked for every clearance to solve the problems of investors. Asked to provide necessary financial support along with land, plot, estate. At the same time, he directed all the investors to come up with an immediate solution to the problem.

Prime Minister Modi also spoke of formulating a fast track strategy to promote the Indian domestic industry. At the same time, Prime Minister Modi made it clear that he wanted to be helped as much as possible instead of giving up on any investors in difficult times.

Earlier, Commerce and Industry Minister Piyush Goyal had recently convened a meeting of the Korean Export Promotion Council. "Exporters need to be prepared," he said. The Government of India is ready to assist them. Also prepared to give many incentives.

Each incentive will be in a way that does not violate WTO rules. This means that India does not want to give up the opportunity it has and is making every effort to fulfill it.

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