Undaunted by Covid 19, India plays big reforms card for investment: ASSOCHAM
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Undaunted by Covid 19, India plays big reforms card for investment: ASSOCHAM

Agency News

New Delhi, May 17: Major policy decisions across the most critical and strategic sectors like Defence production, space, atomic energy, civil aviation and commercial coal mining unveiled by Finance Minister Nirmala Sitharaman clearly demonstrated the Narendra Modi Government's resolve to stay on course of bold economic reforms, undaunted by the Covid-19 global health crisis, ASSOCHAM secretary general Deepak Sood said on Saturday.

''You need grit of the Prime Minister Mr Narendra Modi to announce far-reaching reforms like increasing FDI limit in Defence production from 49 per cent to 74 per cent, allowing commercial coal mining for private sector, privatising Discoms in the Union Territories and above all reposing confidence in India's private sector to commercially use the country's space capabilities," he added. He stated that Saturday's announcements on major policy reforms, combined with the previous three tranches of the Rs 20 lakh crore economic package of the Prime Minister to deal with the human and economic costs of the Covid-19 lent a confidence to 130 crore Indians, that with a strong and cohesive leadership both at the Centre and states, any crisis could be dealt with courage. (UNI)

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