Welcoming the Prime Minister's address to nation, Sharad Kumar Saraf, President, FIEO said the initiatives mentioned by the Prime Minister heralds the arrival of New India.
According to statement, President FIEO said the PrimeMinister sensed opportunity in this adversity and is looking into path breakingreforms to unshackle the economy to reap demographic dividends.
"The increasing localisation is a fall out of Covid-19across the globe but this will make market access for exports more difficult. However,if we can integrate into the global value chain, we are up for a quantum jumpin exports," said President FIEO.
"The stimulus package should address both supply anddemand side challenges emanating from Corona," said Saraf.
"The credit availability at soft interest rates,reduced tax rates, infrastructure development would help the manufacturing tostart the process from local to global."
President FIEO said thatopportunities of investment are knocking at our doors and the PM announcementhas opened the door further.
"We hope States provide ease of doing business torealise this. If we miss the bus now, we will miss it for all time tocome."