Policy Reforms to fast-track Investment – Effort towards Atmanirbhar Bharat 2020 (self supporting)
• Fast track Investment Clearance through Empowered Group of Secretaries (EGoS).
• Project Development Cell in each Ministry to prepare investible projects, coordinate with investors and Central/ State Governments
• Ranking of States on Investment Attractiveness to compete for new investments
• Incentive schemes for Promotion of New Champion Sectors will be launched in sectors such as Solar PV manufacturing; Advanced cell battery storage; etc.- Atmanirbhar bharat 2020
Upgradation of Industrial Infrastructure (Aatmanirbhar Bharat 2020)
Scheme will be implemented in States through Challenge mode for Industrial Cluster Upgradation of common infrastructure facilities and connectivity.
• Availability of Industrial Land/ Land Bank for promoting new investments and making information available on Industrial Information System (IIS) with GIS mapping.
• 3376 industrial parks/estates/SEZs in 5 lakh hectares mapped on Industrial Information System (IIS)
• All industrial parks will be ranked in 2020-21
Policy Reforms – Introduction of Commercial Mining in Coal Sector
Policy Reforms – Introduction of Commercial Mining in Coal Sector
Need to reduce import of substitutable coal and increase Selfreliance in coal production. Government will introduce competition, transparency and private sector participation in the Coal Sector through :(aatmanirbhar bharat 2020 self supporting)
• Revenue sharing mechanism instead of regime of fixed Rupee/tonne
• Earlier, only captive consumers with end-use ownership could bid.
• Now, any party can bid for a coal block and sell in the open market.
• Entry norms will be liberalized • Nearly 50 blocks to be offered immediately.
• No eligibility conditions, only upfront payment with a ceiling.
Policy Reforms – Introduction of Commercial Mining in Coal Sector
Exploration-cum-production regime for partially explored blocks
• Against earlier provision of auction of fully explored coal blocks, now even partially explored blocks to be auctioned.
• Will allow private sector participation in exploration.
• Production earlier than scheduled will be incentivized through rebate in revenue-share
Policy Reforms – Diversified Opportunities in Coal Sector – Investment of Rs 50,000 crores
• Coal Gasification / Liquefication will be incentivised through rebate in revenue share.
• Will result in significantly lower environment impact
• Will assist India in switching to a gas-based economy
• Infrastructure development of Rs. 50,000 crores
• For evacuation of enhanced CIL’s target of 1 billion tons coal production by 2023-24 plus coal production from private blocks.
• Includes Rs 18,000 cr worth of investment in mechanized transfer of coal (conveyor belts) from mines to railway sidings.
• This measure will also help reduce environmental impact
Enhancing Private Investments in the Mineral Sector (Atmanirbhar Bharat 2020)
Structural reforms to boost growth, employment and bring state-of-the-art technology especially in exploration through:
• Introduction of a seamless composite exploration-cum-mining-cum-production regime.
• 500 mining blocks would be offered through an open and transparent auction process
• Introduce Joint Auction of Bauxite and Coal mineral blocks to enhance Aluminum Industry’s competitiveness. Will help aluminium industry reduce electricity costs.
Enhancing Self Reliance in Defence Production (Aatmanirbhar Bharat 2020)
• ‘Make in India’ for Self-Reliance in Defence Production:
• Notify a list of weapons/platforms for ban on import with year wise timelines;
• Indigenisation of imported spares;
• Separate budget provisioning for domestic capital procurement.
• Will help reduce huge Defence import bill.
• Improve autonomy, accountability and efficiency in Ordnance Supplies by Corporatisation of Ordnance Factory Board.
Policy Reforms – Defence Production
FDI limit in the defence manufacturing under automatic route will be raised from 49% to 74%
• Time-bound defence procurement process and faster decision making will be ushered in by :
• Setting up of a Project Management Unit (PMU) to support contract management;
• Realistic setting of General Staff Qualitative Requirements (GSQRs) of weapons/platforms;
• Overhauling Trial and Testing procedures
India to become a global hub for Aircraft Maintenance, Repair and Overhaul (MRO)
Tax regime for MRO ecosystem has been rationalized.
• Aircraft component repairs and airframe maintenance to increase from Rs 800 crores to Rs 2000 crores in three years.
• Major engine manufacturers in the world would set up engine repair facilities in India in the coming year.
• Convergence between defence sector and the civil MROs will be established to create economies of scale.
• Maintenance cost for airlines will come down.
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