Latest Developments with respect to #SIFC

SIFC briefing to journalists was an excellent step showing unprecedented transparency and openness. The authorities deserve kudos for self-assurance, competence & confidence. Moreover, IMF interest also depicts how much it sees the potential of this initiative.

SIFC – Impact on different sectors Its impacts in minerals, IT, Agri can be seen, but in FDI it’s less visible since it follows a different process. Any proposal sent to prospective financiers is vetted by them after undertaking risk, monetary, technology, and other evaluations. Right now, the proposals are with multiple parties & multiple govts across various sectors, pending investment approvals. SIFC made it all happen in months, which was earlier done in years. Of course, vested interest will undermine and criticize, but the dividends are long-term and around the corner.

https://twitter.com/politicalprism_/status/1724749963886735725?s=48&t=G-cOBg7EkX_kBYa6eWDKdw