New Delhi: Amid signs of economic recovery, the government will conduct consultations with the state and banker next week to see ways to start private investment by eliminating interference.
On Monday, Finance Minister Union Nirmala Sitharaman will meet with the Minister of State and FM to identify the steps that might be needed to get a rolling investment.
This will be followed by a meeting with the Bank’s head on Tuesday to identify wise problems of the sector.
And, on Wednesday, the problem will be served before the Prime Minister Narendra Modi when he met with the head of the bank, in what was also seen as a signal to spur a loan when the credit flow was fixed.
“There is a capital expenditure from the government, and there is a positive sentiment in terms of the private sector, although it may not be fully translated into the actual investment on a large scale.
Capital market activity shows that many investments may be on the card,” said Somandang TV Secretary.
Top Civil Servants added that the government believed that it must take advantage of positive sentiment to take the economy and investment into higher growth trajectories.
“This is an opportunity, opportunity that we shouldn’t release,” he said.
With demand, including the service sector that shows signs of bouncing back firmly, the government believes that the private sector is now in a position to invest.
At meetings with bankers, sectoral problems will be discussed as the center, along with America, trying to remove congestion and spur investment, which is expected to be translated into work.
Somanathan said that at least seven states – Chhattisgarh, Kerala, Madhya Pradesh, Meghalaya, Punjab, Rajasthan and Telangana – by far utilizing incentives announced by the enhanced Capex center during the first semester.
As an incentive, these countries have been allowed to borrow an additional amount of Rs 16,691 Crore from the market.
Economic Affairs Secretary Ajay Seth said discussions with countries will revolve around problems such as land, water, electricity availability and how policies can be made easier to attract investment.
“While investor sentiment is good, there is a need to take advantage of the momentum made.
The first four months of FY 2021-22 have witnessed the current inflow of $ 64 billion direct investment,” said a statement.
Interaction will try to create a discourse of policy and facilitative environment for the growth led in investment in