TEMA and CMAI welcome the India’s Covid-19 relief package plan of Rs 20-lakh-crore aimed at bringing the economy back to its feet after the lockdown.
Prof NK Goyal, Chairman TEMA welcome the increase of FDI in defence sector from 49% to 74% and other reforms announced for Make in India for Defence sector. Another important step is level playing field for private companies in satellites, launches and space based services and use of ISRO facilities to private sector. This will increase investment in communication satellites. The proposed new liberal policy for geo spatial data policy for providing remote-sensing data to tech entrepreneurs. The another important step has been announcement of Technology Development cum Incubation Centres and establishment of facilities in PPP mode to use irradiation technology for food preservation. This will open new avenues for investment.
TEMA appreciates that above are supportive to the package announced for MSME in the first package.
Prof NK Goyal said that we hope that: