High Level Govt Group to Attract Investments

The government announced setting up of a high level empowered group of secretaries, to be chaired by the cabinet secretary, and a Project Development Cell (PDC) in ministries/ departments with a view to attracting investments to the country. The decision was taken at a meeting of the Union Cabinet, chaired by Prime Minister Narendra Modi. Its objectives include bringing synergies and ensuring timely clearances from different departments and ministries; to attract increased investments into India and provide investment support and facilitation to global investors; and to facilitate investments of top investors in a targeted manner and to usher policy stability and consistency in the overall investment environment. It would also evaluate investments put forward by the departments on the basis of their project creation and actual investments that come. The group would comprise Niti Aayog CEO and secretaries from the DPIIT, Department of Commerce, Department of Revenue, Department of Economic Affairs and the concerned department head. Cabinet Secretary will be the chairperson and DPIIT secretary will be the member convenor.