Covid-19 crisis: Cabinet forms group of secys to attract foreign investment

The two bodies also aim to make Indian products go global, help develop investible pipelines

The Union Cabinet approved the setting up of two mechanisms in ministries and departments to attract companies looking to invest in India to diversify risks across regions after the coronavirus outbreak.

The two types of bodies — an empowered group of secretaries (EGoS) and project development cell (PDC) — will also look at ramping up production across product lines to help serve big markets in the US, EU, China and elsewhere. 

The proposal aims to take advantage of global opportunities to make India among the largest players in the value chain, Human Resource Development Minister Prakash Javdekar said after the Cabinet meeting.

“In