Prime Minister Narendra Modi on April 30 held a meeting to discuss strategies to attract more foreign investments into India as well as to promote local investments as the country prepares to tide over the devastating impact of the coronavirus outbreak on the economy.
"A scheme should be developed to promote more plug and play infrastructure in the existing industrial lands/plots/estates lands in the country and provide necessary financing support," the government said in a statement.
Modi also said action should be taken for a more proactive approach to handhold investors, to look into their problems and help them in getting all the necessary central and state clearances in a time bound manner.
Discussions were held on guiding states to evolve their strategies and be more proactive in attracting investments.
Frequently Asked Questions
A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.
There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.
Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.
Reform initiatives undertaken by the various ministries should continue and action should be taken in a time bound manner to remove any obstacles which impede promotion of investment and industrial growth.
The meeting was attended by the finance minister Nirmala Sitharaman, home minister Amit Shah, the minister for commerce and industries Piyush Goyal, MoS (Finance) Anurag Thakur along with senior government officials.Follow our full coverage of the coronavirus outbreak here