Thoughtful & Proactive steps by FM: ICC
Indian Chamber of Commerce (ICC) highly appreciates the new announcements today by Hon’ble Finance Minister to provide respite to the pandemic struck economy, liquidity starved sectors. ICC compliments the thoughtful gesture by FM to zero-in on areas which were most harshly hit and currently going through difficult phases. This timely intervention will definitely provide a boost to sectors like Health, Micro finance, Tourism, Fertilizer, Export, Digital Connectivity, Electronics, Power Distribution etc.
Ministry’s decision to revive tourism sector of the country through providing financial support to more than 11000 registered tourist guides and other tourism stakeholders. We think this decision was long due. Providing free tourist visa to 5 lakh tourist is also a commendable initiative.
ICC also appreciates Ministry’s decision to revive North Eastern Regional Agricultural Marketing Corporation (NERAMAC) through provision of a revival package of Rs. 77.45 Crore for financial restructuring and infusion of funds. The target plan to give 10-15% higher price to farmers in North East by-passing middlemen can be a game changer. As the nodal Chamber of North East, ICC highly acclaims this decision.
We have also found that the announcement regarding initiating a ‘New Streamlined Process’ for PPP Projects and Asset Monetisation to ensure speedy clearance of projects to facilitate private sector can be instrumental in the revival process.
Overall, ICC welcomes the announcements made by the Finance Minister for introducing the recovery process with a positive vibe.
Vikash Agarwal,
President, Indian Chamber of Commerce (ICC)
About ICC
Founded in 1925, Indian Chamber of Commerce (ICC) is the leading and only National Chamber of Commerce having headquarter in Kolkata, and one of the most pro-active and forward-looking Chambers in the country today. Its membership spans some of the most prominent and major industrial groups in India.
