Sangita Reddy
Sangita ReddyFile photo

FICCI welcomes Rs 20 lakh crore economic package announced by PM

New Delhi, May 13, 2020

The Federation of Indian Chambers of Commerce and Industry (FICCI) has welcomed the Rs 20 lakh crore economic package announced by Prime Minister Narendra Modi and said it would fully support his dream of a self-dependent India.

“A big Thank You to PM and FM. Its time for India to dream big. What this package does is, it strengthens the dream of a strong India. Its a good step towards a great India," FICCI President Sangita Reddy said in a statement, shortly after Modi made the announcement during a televised address to the nation on Tuesday evening on the COVID-19 crisis.

“We expect that the contours of the package to be announced by Finance Minister Nirmala Sitharaman will address the needs of the poor and needy, MSMEs and also the industry and common man on the whole. The stress on land, labour, laws and liquidity is what is required to make India self-reliant,” said Reddy.

“FICCI will fully support the PM’s dream of a self-dependent India and ensure all measures to make this a reality. The strengthening of the five pillars — economy, infrastructure, system, demography and demand will pave the way for India returning to a higher sustained growth path again,” she added.


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