India to support domestic businesses: Niti Aayog
rediff.com
, Oct 30, 2020
India will pursue self reliance and give domestic entrepreneursthe best possible environment to go forward, Niti Aayog Vice Chairman Rajiv Kumar said on Friday.
Kumar while addressing a virtual event organised by industry body FICCI further said India is committed to the global economy and opening trade order.
"We will pursue self reliance, we will give our domestic entrepreneurs the best possible environment to go forward. We will, while attracting FDI, also repose our faith and trust in those who have already invested in India," he said. Kumar also noted that the government will give more space to private entrepreneurs, because without them whether domestic or foreign, India will not be able to achieve the kind of sustainable growth that the country wants.
"Yes, we will do all of this, as all other nations have done. But it will be done in the global context. It will be done in India, remaining open. "It will be done with India trying to regain its share in global and regional production chains, it will be done with the respect to multilateral trading orders, and rule bound orders" he emphasised.
Kumar also pointed out that if any support to domestic industry will be given by the government through tariffs then it would have an in-built sunset clause. "And it will not imply in any sense, any form of isolation or protectionism," he said.
Kumar also pointed out that the government has introduced production linked incentive schemes for 9-10 sectors andin case of 4 sectors, government decisions have already been taken.
"The objective of PLI schemes is to incentivise investors in this country to put up globally comparable capacity in scale and in competitiveness," he said. Noting that the government has taken COVID-19 pandemic as an opportunity Kumar said, "we have rationalised the labour laws, we have liberated our farmers, we have liberalised the FDI scheme." He stressed on the need to increase the share of trade in India's GDP.
Also Read
Production linked incentive scheme incentivising investment in globally comparable capacities: Dr Rajiv Kumar, Vice Chairman, NITI Aayog
India to pursue self reliance, support domestic entrepreneurs : Rajiv Kumar, Vice Chairman, Niti Aayog
Govt to provide production-linked incentives to more sectors: Niti Aayog
India to pursue self reliance, support domestic entrepreneurs, says Niti Aayog VC Rajiv Kumar
Govt to provide production-linked incentives to more sectors: Niti Aayog
Govt to provide production-linked incentives to more sectors: Niti Aayog
Centre may offer production-linked incentives to auto sector: Niti Aayog
Protection from imports time bound, says NITI Aayog Vice-Chairman
Govt to provide production-linked incentives to more sectors: Niti Aayog
Government to provide production-linked incentives to more sectors: Niti Aayog
Govt to provide production-linked incentives to more sectors, says Niti Aayog
Asia-Pacific will be far more vibrant driving force for global economy: NITI Aayog VC
India to pursue self reliance;will remain open for investors : Rajiv Kumar
Govt to provide production-linked incentives to more sectors: Niti Aayog
Govt to provide production-linked incentives to more sectors: Niti Aayog
Niti Aayog: India to pursue self reliance, assist home entrepreneurs : Rajiv Kumar, Vice Chairman, Niti Aayog
Govt to provide production-linked incentives to more sectors, says Niti Aayog
Govt to supply production-linked incentives to extra sectors, says Niti Aayog
Govt to provide production-linked incentives to more sectors: Niti Aayog
Governments that provide production-related incentives to more sectors: Niti Aayog
Govt to provide production-linked incentives to more sectors, says Niti Aayog
Govt to provide production-linked incentives to more sectors, says Niti Aayog
India will support domestic entrepreneurs in self reliance: NITI Aayog Rajiv Kumar
Govt to provide production-linked incentives to more Sectors, Says Niti Aayog
India to pursue self reliance, encourage domestic entrepreneurs, says Rajiv Kumar
Govt to provide production-linked incentives to more sectors, says Niti Aayog
Government to offer production-linked incentives to more sectors: Report
Govt to provide production-linked incentives to more sectors, says Niti Aayog
Govt to provide production-linked incentives to more sectors: Niti Aayog
Govt to provide production-linked incentives to more sectors: Niti Aayog
Government to provide production-linked incentives to more sectors: Niti Aayog
Asia-Pacific will be far more vibrant driving force for global economy: NITI Aayog VC
India aims production-linked incentive schemes for 9-10 more sectors
'India to pursue self reliance, support domestic entrepreneurs'
Government to provide production-linked incentives to more sectors: Niti Aayog
Govt to provide production-linked incentives to more sectors: VC Niti Aayog
More sectors to receive production incentives, says NITI CEO Aayog
Asia-Pacific will be far more vibrant driving force for global economy: NITI Aayog VC
India to pursue self reliance, support domestic entrepreneurs : Rajiv Kumar
More sectors to get production incentives, says NITI Aayog CEO
More sectors to get production incentives, says NITI Aayog CEO
NITI Aayog plans to offer PLI benefits to more sectors
Production linked incentive scheme incentivising investment in globally comparable capacities: Dr Rajiv Kumar, Vice Chairman, NITI Aayog
India to pursue self reliance, encourage domestic entrepreneurs, says Rajiv Kumar
To encourage production, the scope of the incentive project will increase, the price of the product will decrease
Production incentives for more sectors; tariff protection temporary: NITI Aayog
34th CACCI confce discusses global economic disruptions
Event:
34th CACCI Annual Conference