'India to pursue self reliance, support domestic entrepreneurs'
The Hitavada , Oct 31, 2020
India will pursue self reliance and give domestic entrepreneurs the 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.” 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.
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
Niti Aayog: India to pursue self reliance, assist home entrepreneurs : Rajiv Kumar, Vice Chairman, Niti Aayog
To encourage production, the scope of the incentive project will increase, the price of the product will decrease