It will also facilitate investments in a targeted manner and will usher in policy stability and consistency in the overall investment environment, Javadekar said. It will evaluate investments put forward by departments on the basis of their project creation and actual investments that will come.
Further, these departments will be given targets for completion of various stages. PDCs will be tasked with conceptualising, strategising, implementing, and disseminating details on investible projects.
An officer, not below the rank of joint secretary of each relevant central line ministry, will be in-charge of the PDC concerned.
It will coordinate between the Centre and states concerned to grow the pipeline of investible projects in India and in turn increase FDI inflows.
Positive impact on rural India: PM
The decisions on removing restrictions on the purchase and sale of crops have fulfilled a decades-old demand of the farmers, Prime Minister Narendra Modi said.
Tweeting in Hindi and English, he said these decisions will have a very positive impact on rural India, especially industrious farmers. “Long-pending agrarian reforms will enable the transformation of the sector,” he said.
Farming Produce Trade and Commerce (Promotion and Facilitation) Ordinance, 2020, will pave the way for the creation of “One India, One Agriculture Market”. “There are provisions which increase usage of technology and enable effective dispute resolution mechanisms,” Modi said.