Thread by @schinchela

@FinMinIndia @nsitharaman to announce Tranche 4 of the #AatmaNirbharBharatAbhiyan today at 4.00pm #PressConference #Bharat #IndiaFightsCorona

Press Conference to begin shortly. Please follow the thread for details on the #AatmaNirbharBharatAbhiyan

Focus on Policy simplification in various sectors. Decongest sectors to boost growth and employment.

MASSIVE.

1. Fast Track of Investment Clearance to be given through Empowered Group of Secretaries.
Project Development Cell in each Ministry.
Ranking of States on Investment Attractiveness to compete for new investments.
Incentive schemes Promoting New Champion Sectors to be launched.

One India One Industrial Land Bank to be made available on Industrial Information System(IIS)

Industrial parks to be ranked - system to be ready by 2020-2021

States to compete with each other to attract investments. Single Window Portal to facilitate the same.

Focus on the following sectors:
1. Coal
2. Minerals
3. Defence Production
4. Aerospace Management
5. MROs
6. Power Distribution Companies
7. Space
8. Atomic Energy

The Industrial Information System ranking will trigger a war among states to top each other. I think this is a big big gamechanger. Some states have implemented this but it has been isolated. So this will trigger a big big healthy fight.

1. COAL

Introduction of Commercial Mining of Coal in the sector.

Government to liberalize entry norms.

Revenue Sharing models instead of fixed rupee/tonne cost.

No eligibility conditions - only upfront payment with a ceiling

MASSIVE MASSIVE change!

Target: Reduce import of coal and increase self-reliance.

₹50,000cr to be spent to create evacuation infrastructure for the mined coal.

This will see a massive push and break of hold for most old players of coal. This means that their dominance is dead.

Now we will see a lot of people making money of coal instead of just the old players.

2. MINERALS

Exploration - Mining - Production to be offered together.

500 mining blocks to be offered.

Joint auction of Mineral Blocks together for different products.

End to end support for composite business models.

No distinction between captive and non-captive mines.

Mineral index for different minerals to be made.

Rationalization of stamp duties on mining leases to be made.

(So they ARE firing on all cylinders TODAY 😊)

3. DEFENCE PRODUCTION

Corporatization of ORDINANCE FACTORY BOARDS - MASSIVE

List of Weapons/Platform to be notified for banning of imports - will be procured locally through Make in India.

Separate budget provisioning for domestic capital procurement.

OFBs will NOT be privatized.

The aim is for better management.

Listing on Stock Exchanges expected.

They will be more accountable, and efficient.

FDI Limits in the defence manufacturing under automatic route raised from 49% to 74%.

Project Management Units to support contract management.

Realistic setting of General Staff Qualitative Requirements (GSQR) to be done.

Efficient trial and testing procedures to be made.

4. AIRSPACE MANAGEMENT

Restriction on Indian Air Space to be eased.

Currently 60% airspace is free for use. Opening up in 2 months.

Target:
1. Optimum Utilization of Airspace
2. Reduction in Fuel consumption
3. Reduction in Time.
4. Positive Environmental impact.

AIRPORTS MANAGEMENT -

Airport Authority of India to open 6 more airports under the Public - Private Partnership.

Investment expected - ₹13,000 cr.

AAI to receive down-payments worth ₹2,300cr.

5. MAINTENANCE REPAIR AND OVERHAUL (MRO) of Aircrafts-

India to be a target for becoming a MRO hub for general aviation, civil aviation and defence aircrafts.

Changes to Taxation made during Union Budget to be implemented (GST rationalized).

6. POWER DISTRIBUTION COMPANIES IN UNION TERRITORIES -

To be privatized. (NEW ANNOUNCEMENT)

A new tariff policy to be announced. (Announced in Union Budget 2020)
Focus on :
1. Consumer Rights
2. Promote Industry
3. Sustainability of Sector

7. SOCIAL INFRASTRUCTURE PROJECTS

₹8,100 cr. to be spent to offer upto 30% of the project cost via Viability Gap Funding for projects like hospitals and other social infrastructure projects.

8. SPACE

Private Companies to be encouraged to invest more under PPP Mode

9. ATOMIC ENERGY

Establishment of Research Reactor in PPP Mode

Till now Atomic Energy sector is limited to Government of India.

Establishment of Technology Development cum Incubation Centres to promote research and development in this sector.