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Union Cabinet approves setting up of empowered panels to attract investments

Published in Business & Finance
June 03, 2020
1 min read
Union Cabinet approves setting up of empowered panels to attract investments
  • The Union Cabinet has given approval for setting up of empowered panels to attract foreign investments in India.
  • These panels would be set up as Empowered Group of Secretaries (EGoS) and Project Development Cells (PDCs) in ministries / departments of Government of India.
  • This new mechanism will support the domestic as well as foreign investors in India.
  • The EGoS will ensure timely clearances from different departments and Ministries.
  • The EGoS will also attract increased investments into India and provide investment support and facilitation to global investors.
  • The PDCs will develop new investible projects in coordination between the Central Government and State Governments.
  • These steps will give a boost to the “Make in India” program.

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Foreign Direct InvestmentUnion CabinetMake in India
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