News Brief
Key Initiatives Implemented By Central Government To Bolster Industrial Growth And Investments: Union Minister Jitin Prasada
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To spur industrial growth and foreign investment, the Central Government, through the Department for Promotion of Industry and Internal Trade (DPIIT) and related Ministries, has launched a robust framework of policy interventions and ecosystem enablers.
Emphasising the strategic direction of the government, Minister of State for Commerce and Industry, Jitin Prasada, in a written response to the Lok Sabha, articulated the government's new initiatives to boost investments and attract more industrial activities in the country.
He outlined the many flagship programmes powering this change already like Make in India, Start-up India, PM GatiShakti, National Industrial Corridor Programme, PLI schemes, and the Ease of Doing Business, among others.
He then informed that an institutional setup comprising Project Development Cells (PDCs) have been established in major ministries to expedite investments.
Significantly, the Cabinet Committee on Economic Affairs also recently cleared 12 large project proposals under the National Industrial Corridor Development Programme (NICDP), attracting an estimated investment of Rs 28,602 crore.
In a major effort to enhance investor confidence and Foreign Direct Investment (FDI) inflows, the government has continued its drive of liberalisation.
Prasada added, "More than 90 per cent of the FDI inflow is received under the automatic route."
The Union Budget 2025 again increases the FDI sectoral limit in the insurance industry from 74 per cent to 100 per cent on a full domestic reinvestment of premiums basis.
India's policy framework now incorporates major digital platforms such as the National Single Window System (NSWS), India Industrial Land Bank, and the Project Monitoring Group (PMG) to facilitate investor interaction and ease compliance requirements.
