India rolls out red carpet, not red tape for investors: Rajnath Singh

“Today, investors do not face red-tapism in India. Instead, we roll out the red carpet for them. This kind of cross-political party consensus on promoting investment plays a crucial role in reducing uncertainty for our investors,” said Singh.

He said the investors would benefit from India’s formidable strengths like political stability, huge marketing potential, and an ecosystem based on the rule of law and free from uncertainty and disorder. He noted that India’s immense investment potential has witnessed sustained success, lasting impact and enduring growth.

Singh asserted that in the era of “cooperative federalism”, central and state governments are working closely together to shape the country’s economy.

“As an investor, you seek world-class infrastructure and Karnataka is offering next-generation infrastructure facilities. If you require skilled human resources, Karnataka stands out with its highly talented future-ready workforce,” the Defence Minister said.

He said he is optimistic that in near future, Bengaluru, which has become a pioneering hub for IT and software industry, will give India its first foundational Artificial Intelligence model.

He said said that the cumbersome process of obtaining multiple clearances has been replaced by a single-window system, ensuring a faster and hassle-free experience for the investors.

Mahindra and Mahindra Group chairperson Anand Mahindra, JSW Group chairperson Sajjan Jindal, Biocon chairperson Kiran Mazumdar Shaw, Kirloskar Systems chairperson Geetanjali Kirloskar, Hero Future Energies chairperson Rahul Munjal attended the event.

JSW Group announced `1.2 lakh crore investment at the conclave. With PTI inputs