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Empowered Group of Secretaries and Project Development Cells to be set up for attracting investments 

  • IASbaba
  • June 5, 2020
  • 0
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Empowered Group of Secretaries and Project Development Cells to be set up for attracting investments 

Part of: GS-Prelims and GS-III – Economy (FDI)

In News:

  • “Empowered Group of Secretaries (EGoS) and Project Development Cells (PDCs) in Ministries/Departments of Government of India for attracting investments in India” recently received approval for its set up. 

Key takeaways 

Empowered Group of Secretaries (EGoS)

  • Objective is to provide investment support to global investors by bringing synergies and to ensure timely clearances from different departments and Ministries.
  • Composition:
    • Cabinet Secretary (Chairperson)
    • Secretary, Department for Promotion of Industry and Internal Trade (Member Convenor)
    • CEO, Niti Aayog (Member)
    • Secretary, Department of Commerce (Member) 
    • Secretary, Department of Revenue (Member)
    • Secretary, Department of Economic Affairs (Member)
    • Secretary of Department concerned (to be co-opted)

Project Development Cell (PDC)

  • The cell will be set up for the development of investible projects in coordination between the Central Government and State Governments. 
  • This will lead to increase in the number of investible projects in India and in turn increase FDI inflows.

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