Structural reforms to lay foundation for self-reliant India: CM
Announcements made by the Union Finance minister Nirmala Sitharaman on Saturday will establish new dimensions in development, opined chief minister Trivendra Singh Rawat.
The CM said that a strong foundation will be laid through structural reforms for a self-reliant India. These reforms will prepare the nation for stiff competition while fast track investment will also increase investments. New avenues of employment for the youth will open apart from development of new champion sectors. Rawat said, “Important reforms have been made in coal, mining, defence, civil aviation and nuclear energy sectors. The nation will be self-reliant in meeting the coal requirement. A sum of Rs 50,000 crore will be spent on infrastructural improvements in the coal sector. Similarly, structural reforms in mining will increase private investment in this sector. This will increase production and employment while enabling the use of state of the art technology. Important decisions have also been taken to make the nation self-reliant in the defence sector. This will reduce our dependence on other nations for defence equipment. Airspace management will enhance efficiency in the civil aviation sector. Further, a provision of Rs 8,100 crore viability gap funding has been made to encourage private investment in social structural sphere. Private participation will be encourage in the space sector too,” said the CM, adding that these announcements will establish new dimensions in development of the nation.
Sunday, 17 May 2020 | PNS | Dehradun
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