New Delhi: Niti Aayog vice-chairman Rajiv Kumar said on Saturday that the reform measures announced by the Finance Minister will play a major role in paving the way for ‘self-reliant India’ in defense production, strengthening India’s self-reliance and promoting Make in India.
Kumar said that these announcements would give a boost to the domestic aviation sector. NITI Aayog Chief Executive Officer (CEO) Amitabh Kant termed the announced reforms as a pioneer. Kant said in a tweet, “Despite having a vast reserves of minerals and coal, we import minerals worth Rs five lakh crore and coal worth Rs 1.7 lakh crore.
We were completely dependent on imports. Commercial coal mining and the introduction of 500 mines for auction are transformative. “With the aim of boosting the sluggish economy, the government on Saturday raised the FDI limit in defense manufacturing, privatization of six other airports, opening more airspace And announced several measures including giving opportunities to private companies to participate in commercial coal mining.
