Government identifying champion sectors for India

By: |
New Delhi | Published: December 20, 2017 2:14:35 AM

The government is making efforts to identify the "champion sectors" for the country and work with concerned departments on the policy framework and incentives to promote the segments, a top official said today.

 

champion, champion sectors, champion sectors for india, policy framework, focus attention, CII eventCommerce Secretary Rita Teaotia (Image: PTI)

The government is making efforts to identify the “champion sectors” for the country and work with concerned departments on the policy framework and incentives to promote the segments, a top official said today. “Now in order to focus attention, we are making an effort to identify strongly what are the champion sectors for India, and as we identify those champion sectors we will work with the line departments to look at the policy framework and the incentives that are necessary to promote those specific sectors,” Commerce Secretary Rita Teaotia said while addressing a CII event here.

She highlighted that as India liberalises its economy, one of the key focus areas is to open up the country’s services sector for investments. “As we have chosen to open up and liberalise our economy, one of the focus areas has been opening up the Services sector for investments,” Teaotia said.

Do you know What is Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget, Customs Duty? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Next Stories
1Government recovered less than 9% service tax arrears in FY 2017, says CAG
2Even after a year of demonetisation, Modi government can’t tell its impact
3Government achieves rightful targeting of food subsidy with Aadhaar card