Thread by @KTRTRS

Dear @PiyushGoyal Ji, while we combat the #Coronavirus with a coordinated strategy, I would like to propose some measures Union Govt may initiate to reboot & energise our economy to attract investments to our country

India has a great opportunity, let’s grab it aggressively

1) Carry out bold & essential reforms at the earliest:

Imbibe all best practices in EoDB to propel India into top 20 in the world rankings; let’s update our dated labour laws & bankruptcy laws; and more importantly guarantee & honour consistency in state policies to investors

2) Very important to focus on creating world class industrial infrastructure in a mission mode over the next one year - large self-contained industrial parks; corridors; develop world class ITIs & polytechnics (2-4 for every state)

Capacity building in Infra & skills is vital

3) Aggressively Improve our export competitiveness in priority sectors like Pharma, Aerospace, Textiles, Leather, IT & Food Processing. Some measures towards achieving this

a) Active scouting of markets
b) Creating a deal better than what competing nations offer

c) Soft loans for procuring quality machinery
d) International training of staff
e) Attractive incentives on exports

4) Bailout for SMEs; direct financial assistance for SMEs in worst affected sectors, easy & very soft credit for others, deferment of dues, priority Govt orders

5) Constitute an Empowered Strategy Group to identify and follow up on investment opportunities (with Central Govt, state govts, industry leaders, bankers, economists and policy experts)

6) If we have to compete for manufacturing opportunities, we need to scale up; economies of scale will help us with competitive edge

Mega industrial parks such as Hyderabad Pharma City & Kakatiya Mega Textile Park need to be promoted as projects of national importance