Investors get red carpet, not red-tapism in India, Rajnath says in Karnataka, stresses ‘cross-political party consensus’

Calling for investment in Karnataka, Singh said that in the era of cooperative federalism, central and state governments are working closely together to shape the country’s economy. He cited Bengaluru as a pioneering hub for various industries like IT and software, adding that the city is now a rising centre for artificial intelligence. This is the moment and the perfect time to invest in India, he said.

Singh said India’s constitutional values are deeply rooted in its rich history of accepting different ideas, illustrated by the “close coordination” between Union and state governments.

The government has actively worked to address challenges, including red tape, that investors previously faced, the Union minister said, adding that the cumbersome process of obtaining multiple clearances has been replaced by a single-window system. He recalled that entrepreneurs had shared with him concerns about investing in promising sectors, only to face unexpected policy changes later, disrupting their plans and profits. To allay such concerns, he said that across all levels of governance in the country, there is a broad consensus that sustainable economic development must be driven by a market-led economy, with a leading role for the private sector.

Singh elaborated that this shared commitment provides a stable and predictable policy environment, ensuring that businesses can invest with confidence in policy continuity.

Assuring investors of strong market demand to tap into India’s potential, the Union minister said several recent government decisions are expected to further strengthen the demand environment in one of the world’s fastest-growing markets.