Shine india monthly magazine Published this article page no 88 Other Policy Reforms o Foreign Direct Investment (FDI) limit in the defence manufacturing subsectors under automatic route has been raised from 49% to 74%. o Time bound defence procurement process and faster decision making will be ushered in by Setting up of a Project Management Unit (PMU) to support contract management. More realistic setting of General Staff Qualitative Requirements (GSQRs) for weaponsplatforms. Overhauling of Trial and Testing procedures to make them more robust. Space Activities Boosting private sector participation in Space activities by o Provide level playing field for private companies in satellites services launches and other space based services. o Provide a predictable policy and regulatory environment to private players. o Allow Private sector players to use ISRO facilities and relevant assets to improve their capacities. o Open Future projects for planetary exploration outer space travel etc. to private sector. o Provide a liberal geospatial data policy for providing remote sensing data to tech entrepreneurs. 86 Atomic Energy Establishing a research reactor in PPP mode for production of medical isotopes in order to promote welfare of humanity through affordable treatment for cancer and other diseases. Establishing facilities in PPP mode to use irradiation technology for food preservation to compliment agricultural reforms and assist farmers. Link Indias robust startup ecosystem to nuclear sector Technology Development cum Incubation Centres will be set up for fostering synergy between research facilities and tech entrepreneurs emerging from new startup ecosystem. 12.5. MEASURES ANNOUNCED FOR BUSINESSES IN GENERAL (INCLUDING MSMES) Overview The package tries to increase liquidity among businesses by measures like collateral free loans and simultaneously pushes for long overdue economic reforms like increasing the Ease of doing business Shine india monthly magazine buy.
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