Wide-ranging reforms make India an attractive destination for investment: Sitharaman
Stimulus packages announced recently are tailored to meet the basic requirements of investors, said the Finance Minister
While acknowledging the efforts of CEOs of top-40 American companies for creating a global task force to mobilize resources for India during the 2nd Covid wave, Finance and Corporate Affairs Minister Nirmala Sitharaman on Friday said India and the US have set an ambitious target of achieving $500 billion in two-way trade.
She said India’s consistent and continuous wide-ranging reforms are making the country an attractive destination for foreign investments. The Finance Minister said this while participating in the Roundtable organized by US-India Business Council on ‘Maximizing India’s Sustainable and Inclusive Growth as Global Destination for US.’
The Roundtable organized through video conferencing saw participation of prominent foreign investors like General Electric, Baxter Healthcare USA, Brambles, Marsh &McLennan companies, PepsiCo and others.
Finance Minister Sitharaman spoke about stimulus packages announced recently which are tailored to meet the basic requirement of investors.
She also informed the investors about India’s consistent and continuous wide-ranging reforms which makes the country an attractive destination for foreign investment and how India continues to rise as a global economic powerhouse.
She talked about this year’s budget initiative pertaining to the International Financial Services Centre (IFSC) at GIFT City, where the Government is committed towards developing it into a globally competitive hub for innovation and financial activities to serve the Indian economy and the region as a whole.
The broad messages conveyed to the investors by her were: Strong, calibrated relief and reforms during COVID leading to sharp decline in new COVID infection with ramping up of the vaccination programme.
She talked about continued macro-economic stability and resilience in economic recovery in the recent months. Strengths/advantages of India as an investment destination Vision to make India ‘Atma Nirbhar’
She also highlighted steps taken towards Infrastructure led economic growth; creating multi-sectoral opportunities for investors; strong track record of the nation towards reform implementation in the last 6 years.
In her concluding remarks, Nirmala Sitharaman spoke about going ahead with an overall vision to build a self-reliant modern India.
The Finance Minister stated that the nation is committed to a long term relationship with US Investors. She spoke about consistent and continuous productive reforms that make India investor friendly destination vibrant and pulsating financial markets
enormous investments underway in the infrastructure sector.