Tenders: National Infrastructure Pipeline
The Government has taken various steps recently in addition to ongoing schemes to boost domestic investments in India, Commerce and Industry Minister Piyush Goyal said in a written reply to parliament on 11 Mar 2020.
These include the National Infrastructure Pipeline, Reduction in Corporate Tax, easing liquidity problems of NBFCs and Banks, trade policy measures to boost domestic manufacturing, and so on.
In order to protect, support and promote small enterprises as also to help them become self-supporting, a number of protective and promotional measures have been undertaken by the Government, he said.
The various types of help extended by different support agencies of the Government are (i) Credit Support, (ii) Marketing Support, (iii) Entrepreneurship Development, (iv) Technology Upgradation, (v) Industrial Infrastructure, (vi) Technical Training, (vii) Institutional Structure, (viii) Assistance Programmes, (ix) special incentives for setting up of Enterprises in backward areas etc.
While most of the institutional support services and incentives are provided by the Central Government, others are offered by the State Governments in varying degrees to attract investments and promote small industries with a view to enhance industrial-production and to generate employment in their respective States, he said.
Continuous efforts are made by Ministries and States for Facilitating investments besides handholding services to such investors, he stressed.
Goyal also highlighted scheme of Investment Promotion under the Department for Promotion of Industry and Internal Trade supports Sectoral Ministries and State Governments for organizing investment events, summits, roadshows and other promotional activities. fiinews.com
