July 18, 2021
2 mins read

‘Reforms make India an attractive investment destination’

India’s Finance Minister Sitharaman spoke about stimulus packages announced recently which are tailored to meet the basic requirement of investors….reports Asian Lite News

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.

ALSO READ: COVID-19: India’s Recovery Rate Goes Past 97%

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(IndiaNewsNetwork).

ALSO READ: No respite for fuel consumers in India

Previous Story

UK Health Secy Sajid Javid tests Covid positive

Next Story

Stage set for a stormy Monsoon session

Latest from -Top News

Trump Targets BRICS Allies with New Tariff

This move coincides with the ongoing BRICS summit being held in Rio de Janeiro, Brazil…reports Asian Lite News US President Donald Trump has announced that an additional 10 per cent tariff will

BRICS Endorses India’s Stand on Terror

The treaty proposed by India within the UN framework aims to provide a comprehensive legal basis for combating terrorism….reports Asian Lite News The leaders’ joint statement, issued after the 17th BRICS summit

BRICS Slams US Tariff Hikes

The leaders criticised developed nations for using environmental issues to justify trade restrictions on developing countries….reports Asian Lite News Rio de Janeiro, July 7 (IANS) Embroiled in a trade war launched by

US Tariffs Pushed to August Amid Talks

In April, Trump announced a base tariff of 10 per cent on most of America’s trading partners and thereafter additional duties ranging up to 50 per cent….reports Asian Lite News US President

Indonesia Joins BRICS Bloc

This year’s BRICS Summit saw an expanded format, reflecting the grouping’s growing relevance in international affairs….reports Asian Lite News Prime Minister Narendra Modi formally welcomed Indonesian President Prabowo Subianto into the BRICS
Go toTop

Don't Miss

‘Think 20’ must prioritise economic growth and security

While the focus no doubt remains on economic cooperation, the

Canada Sees Steep Decline in Indian Student Visas

Minister Miller expresses skepticism about a swift recovery in the