Categories: Business

Reform measure to boost defense production in India says Niti Aayog

Photo: GOOGLE

Niti aayog

new Delhi. Niti Aayog vice-chairman Rajiv Kumar said on Saturday that the reform measures announced by the Finance Minister will play a major role in paving the way for 'self-reliant India' in defense production, strengthening India's self-reliance and promoting Make in India. Kumar said that these announcements will also give a boost to the domestic aviation sector.

NITI Aayog's Chief Executive Officer (CEO) Amitabh Kant termed the announced reforms as a pioneer. Kant said in a tweet, "Despite having vast reserves of minerals and coal, we import minerals worth Rs five lakh crore and coal worth Rs 1.7 lakh crore. We were completely dependent on imports. Commercial coal mining and The introduction of 500 mines for auction is transformative. " With a view to boost the sluggish economy, the government on Saturday took several measures including raising the FDI limit in defense manufacturing, privatizing six other airports, opening up more airspace and giving opportunities to private companies to participate in commercial coal mining. declare.

This post was published on May 17, 2020 2:17 am

Content Team

Recent Posts

Former RBI Governor Raghuram Rajan expressed apprehension of increasing NPA, D Subbarao gave this suggestion to the government

Photo: GOOGLE NPAs may witness unprecedented increase in 6 months, says Raghuram Rajan new Delhi. Former Reserve Bank Governor Raghuram…

wipro q1 consolidated net profit flat at Rs 2390 crore

Photo: WIPRO Wipro q1 result new Delhi. Consolidated Net Profit of information technology company Wipro grew marginally to Rs 2,390.4…

YES Bank garners Rs 4500 Crore from anchor investor

Photo: PTI yes bank new Delhi. Private sector Yes Bank raised Rs 4,500 crore from anchor investors on Tuesday ahead…