Cabinet Forms Empowered Group of Secretaries to Facilitate Domestic, Foreign Investments

New Delhi : Day after Prime Minister Narendra Modi assured the India Inc to make India an investor-friendly nation, the Union Cabinet on Wednesday decided to form an empowered group of secretaries chaired by cabinet secretary to encourage both foreign and domestic investments into India.

“Industries are thinking to diversify their investments in different localities. To ensure more investments in India, an empowered group of secretaries has been formed. Simultaneously, in every ministry, there will be project development cells that will handhold projects concerning their ministries and facilitate land acquisition,” information and broadcasting minister Prakash Javadekar said briefing reporters.

“This will make India a more investor friendly destination. It will give fillip to domestic industries. It will bring synergies between ministries and departments, among centre and state governments in policy matters. It will give boost to the economy and open up immense direct and indirect employment opportunities,” Javadekar added