Commerce and industry minister Anand Sharma indicated on Thursday that the government may announce some decisions on FDI in multi-brand retail and civil aviation in the next three weeks to boost investments and revive economic growth.
Sharma said all consultations are over and an announcement is likely soon.
Sharma along with officials from the finance ministry met industry leaders yesterday to discuss a whole host of issues, including measures to boost growth and improve the overall climate of the industry.
“What can be done is under active consideration. You can expect some firm steps taken by the government. There have been consultations among senior secretaries of the concerned ministries and departments and also between key ministers and the Prime Minister,” Sharma said.
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Sharma asked the industry for suggestions to revive the sentiment, while industry leaders asked the government to fast-track reforms and ensure fiscal discipline. The minister, however, said all announcements related to investments and FDI will be made in one go.
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“The PM and FM have reaffirmed the govt’s commitment to continue with the reform agenda. The govt will take decisions which are the expectations of the industry and investors,” Sharma added.
There has been a strong demand among industry leaders that the government take steps to put an end to the atmosphere of uncertainty and send a clear and positive signal about the intent to battle the slowdown and revive the economy.
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