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I was referring to the fact that the current government has let us known their agenda in the last two years, which did not exist in earlier government.could you pls elucidate a bit on the underlined part?
Let me go thru some ministries on some of the key projects and policy:
1) Defence ministry : All of us on DFI agree that there has never been this many equipment either in induction mode , testing mode or procurement mode, in comparison to last 10 years. Moreover the defence procurement policy 2016 has made it clear that MoD prefers domestically procured equipment compared to imported ones. Fundamental change is that defence acquisition council is meeting almost every month, there is movement forward on some topic or other.
2) Transport ministry : They have announced that they are going to extend national highways from 95K KM to 2 lakh KM. going by tenders new projects they are spending 1000 crores for every 100 KM on a average.
3) Shipping ministry : Inland waterways projects and sagar Mala project, both are good ones.
4) Power ministry : other than LED replacement, rural electrification. UDAY project is designed to bring state DISCOMS out of bankruptcy. They also have the target of 100 GW of renewable energy.
5) Ministry of commerce : State wise ranking of ease of doing business has been started by them. They seems to giving approvals to companies at a faster pace. incase of defence FDI, seeing that investments are not coming in for 49% FDI in defence they reacted and changed the policy to 100%.
6) Railways : East and West Freight corridors, Overbridge constructions, revamping the internal financial management within railways.
There are more , but it will end up being a essay.
The point is that there were no concrete growth targets prior to modi, Now that there are targets we now know how much finance is needed for at least till 2022 medium term. the requirement of monies is huge which cannot be fully funded with the existing cash flow in the country or external loans.Mind you our budget for current year is about 20 lakh crores. This is where FDI comes into the picture.
Hope i have made my point clear.