Industry

Industry: Cabinet expansion would usher in economic reforms

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Industry chambers on Sunday welcomed the Cabinet expansion saying the development signals a serious intent on the part of Prime Minister Narendra Modi for faster decision-making process and kicking in reforms.

“The induction of new (Cabinet) Ministers and Ministers of State would streamline governance and bring in new ideas for the economic reforms process,” said CII president Ajay Shriram.

Several of the Ministries were under a single Minister, and industry was widely expecting the expansion of the Cabinet at an early date, he added.

“The Cabinet expansion sends out a strong signal that the government under Prime Minister Narendra Modi is serious about accelerating the reforms process,” he said.

Another industry body Assocham said the expansion of the Cabinet would surely add new vitality to the government.

“The fact that some of the key portfolios will now have full time Cabinet Minister in-charge will provide speed to the decision-making in important sectors of the economy,” it said in a statement.

“Besides, induction of some leaders in the Cabinet, who enjoy clean image and are known for efficient functioning, has also sent a signal about the non-compromising attitude of the Prime Minister when it comes to these attributes,” it added.

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Printable version | Jan 26, 2020 10:53:00 AM | https://www.thehindu.com/business/Industry/narendra-modis-union-cabinet-expansion-would-usher-in-economic-reforms/article6580410.ece

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