Referring to the theme of Economic Development, Government has allocated Rs. 27300 crore for development and promotion of Industry and Commerce for the year 2020-21.
An Investment Clearance Cell will be set up to provide “end to end” facilitation.
It is proposed to develop five new smart cities in collaboration with States in PPP mode.
A scheme to encourage manufacture of mobile phones, electronic equipment, and semi-conductor packaging is also proposed.
National Technical Textiles Mission: It would be set up with a four-year implementation period from 2020-21 to 2023-24 at an estimated outlay of Rs 1480 crore to position India as a global leader in Technical Textiles.
NIRVIK (Niryat Rin Vikas Yojana) scheme: To achieve higher export credit disbursement, a new scheme, NIRVIK is being launched to support mainly small exporters.
Expansion of Government eMarketplace (GeM):It aims to create a Unified Procurement System in the country for providing a single platform for procurement of goods, services and works.
