It also stressed the need to take concrete steps focused on strategic self-reliance and global integration. Among the Survey’s suggestions is that the government can look at amending the definition of a ‘government company’ under the Companies Act to allow it to reduce its minimum stake in listed central PSUs to 26% from 51% currently. It acknowledged that correction of inverted duty structures has been initiated in recent Budgets, particularly for various core manufacturing sectors, which has contributed to a more neutral tariff environment. It added that efforts to improve the investment environment by simplifying processes and procedures will need to be kept up. “Such reforms would supply the scale and maturity needed for infrastructure and climate financing while lowering the economy’s cost of capital,” the Survey said.