PM Modi led industry feedback sessions for “prompt” implementation of Budget 2021 proposals

Series of webinars are planned to formulate a strategy for prompt implementation of announcements made by the government in the budget 2021. The Department of economic affairs (DEA) is coordinating with line ministries and NITI Aayog for industry leaders’ webinars on various sectors.

The webinar will also be attended by Prime Minister Narendra Modi for industry feedback on sectoral announcements made under the budget. The government has so far held 7 webinars with the industry on sectors like divestment, defence, power, health, roads and agriculture.

The ministries after the webinars are preparing the outcome of these webinars along with budget implementation timelines. The next webinar is scheduled for higher education on March 3rd and on March 5th webinar will be on a production linked incentive scheme.

The prime minister will e-meet the industry leaders on March 5 for information sharing and brainstorming sessions on production-linked incentive schemes.

The government has approved PLI schemes for 10 sectors in a bid to boost manufacturing and reduce dependence on imports. The outlay for the PLI scheme stands at around 1.45 lakh crore.

Some of the key industry leaders expected to be part of the webinar include RC Bhargava of Maruti Suzuki, N Chandrasekaran of Tata group, Satish reddy of Dr Reddy’s, Pankaj Patel of ZydusCadilla, Samina Hameid of Cipla, R Mukundan of Tata Chemicals, Suresh Narain of Nestle and Dilip Gaur of Grasim Industries.

It will also include Pawan Goenka of M&M, Sajjan Jindal of JSW, Gopal Vittal of Airtel, Manish Sharma of Panasonic iIndia, Manoj Kohli of SoftBank India, Sunil Vachani of Dixon Technologies, Hemant malik of ITC, RS Sodhi of Amul amongst many others.

The idea is that the outcome of the Industry stakeholder consultation will be shared with the prime minister, prime minister’s office, Cabinet Secretary and related ministries will have to upload status of Budget Implementation to DEA’s e-Samiksha portal every month.

The budget implementation strategy will be reviewed by the PMO, cabinet secretary and senior secretaries panel from time to time.