The Government of India is making continuous efforts under Investment Facilitation for implementation of Make in India action plans to identify potential investors. Support is being provided to Indian Missions abroad and State Governments for organising events, summits, road-shows and other promotional activities to attract investment in the country under the Make in India banner. Investment Outreach activities are being carried out for enhancing International co-operation for promoting FDI and improve Ease of Doing Business in the country.

Recently, in addition to ongoing schemes, Government has taken various steps to boost investments in India. These include the National Infrastructure Pipeline, reduction in Corporate Tax, easing liquidity problems of NBFCs and Banks, trade policy measures to boost domestic manufacturing. Government of India has also promoted domestic manufacturing of goods through public procurement orders, Phased Manufacturing Programme (PMP), Schemes for Production Linked Incentives of various Ministries.


(Also read: Further extension for applicability of CARO, 2020 by one year)


Keeping in view India’s vision of becoming ‘Atmanirbhar’ and to enhance India’s  Manufacturing Capabilities and Exports, an outlay of INR 1.97 lakh crore has been announced in Union Budget 2021-22 for PLI schemes for 13 key sectors for a period of 5 years starting from fiscal year (FY) 2021- 22. These 13 sectors includes already existing 3 sectors named;

(i) Mobile Manufacturing and Specified Electronic Components,

(ii) Critical Key Starting materials/Drug Intermediaries & Active Pharmaceutical Ingredients, and

(iii) Manufacturing of Medical Devices

And 10 new key sectors which have been approved by the Union Cabinet recently in November 2020. These 10 key sectors are:

(i) Automobiles and Auto Components,

(ii) Pharmaceuticals Drugs,

(iii) Specialty Steel,

(iv) Telecom & Networking Products,

(v) Electronic/Technology Products,

(vi) White Goods (ACs and LEDs),

(vii) Food Products,

(viii) Textile Products: MMF segment and technical textiles,

(ix) High efficiency solar PV modules, and

(x) Advanced Chemistry Cell (ACC) Battery.

The PLI schemes will be implemented by the concerned Ministries/ Departments and will be within the overall financial limits prescribed.

Further, with a view to support, facilitate and provide investor friendly ecosystem to investors investing in India, the Union Cabinet on 03rd June, 2020 has approved constitution of an Empowered Group of Secretaries (EGoS), and also Project Development Cells (PDCs) in all concerned Ministries/ Departments to fast-track investments in coordination between the Central Government and State Governments, and thereby grow the pipeline of investible projects in India to increase domestic investments and FDI inflow.


(Also read: MCA amends One Person Companies rules)

(Also read: MCA amended Companies Act 2013 to mitigate blow by COVID-19 pandemic)

(Also read: MCA revises threshold for paid up capital and turnover for Small Companies)

(Also read: MCA initiates process of De-criminalisation of compoundable offences under LLP Act, 2008)

(Also read: MCA21 version 3.0 to be launched with e-Scrutiny, e-Consultation and Compliance Management modules)

(Also read: Various schemes launched for companies by Government during COVID-19 pandemic)

(Also read: Direct Tax proposals in the Finance Bill, 2021)

(Also read: International Taxation proposals in the Finance Bill, 2021)

(Also read: Government to introduce Single Securities Markets Code)



Disclaimer: The above post includes some content used from PIB India website and executed on this website for fair use only. As this website is of educational nature, hence the content is used for education and awareness to the public.