Budget: Govt to bring industry-friendly production policy in 2018
Budget: Govt to bring industry-friendly production policy in 2018
National

Budget: Govt to bring industry-friendly production policy in 2018

Pennews

To give an impetus to Make in India by public sector, private sector and MSMEs, the government will bring an industry-friendly production policy this year.

In his first post-GST and last pre-poll Budget, Finance Minister Arun Jaitley on Thursday said in the Lok Sabha, “When National Democratic Alliance government came to office a lot of emphasis was given on modernisation and to enhance the capability of the defence forces. A number of initiatives have been taken to develop and nurture intrinsic defence production capable of making the nation self reliant to meet our defence needs and ensure adequate budget support to our priority areas.”

He also said, "We have opened up private investment in defence production, including liberalising Foreign Direct Investment.”

Related stories:

pennews
www.pennews.net