Excelsior Correspondent
JAMMU, May 14: Standing Conference of Public Enterprises (SCOPE)- apex body of Public Sector Enterprises has hoped that the economic stimulus package of the Government shall spur the economic growth and build a self-reliant and resilient India.
Atul Sobti, Director General, SCOPE, while appreciating the commitment of the Government, said that the thrust given to various sectors through the economic stimulus would go a long way in bringing the economy back on a growth trajectory. “While the Government continues its responsibility towards migrants and the poor, the financial and other measures to MSMEs would play a significant role in boosting the Make in India initiative thereby making the country self-reliant on varied aspects. The impetus to MSMEs shall play a special role for the public sector as PSEs make 25 percent of its procurements from the said sector, ” DG SCOPE added.
SCOPE also welcomed measures with respect to liquidity infusion in NBFCs, contractors and realty along with reduction of TDS/TCS rates, which would ensure increased liquidity in the hands of common man thereby making way for increased demand.
Follow our WhatsApp channel