‘India is a $1 tn investment opportunity’

India's infra needs and new manufacturing policy offer huge opportunities for global investors.

India’s infrastructure financing requirements and the new manufacturing policy being finalised will open up USD 1 trillion opportunities for global investors over the next five years.

This was stated by Economic Affairs Secretary R Gopalan at a panel discussion here on ‘Innovative Approaches to Financing our Infrastructure Needs’,organised by CII and Brookings Institution.

Gopalan and other senior officials are accompanying Finance Minister Pranab Mukherjee,who is holding bilateral meetings with the US government and participating in high level conferences.

Story continues below this ad

Alluding to the issues such as land acquisition,environmental clearances and such approvals,Gopalan assured investors that there was a sustained and continuous policy churn in these areas with a view to resolving the remaining impediments to investments.

India plans to invest USD 1 trillion on infrastructure,which is critical for sustaining high economic growth.

The Government is in the final stages of formulating a manufacturing policy to increase the share of manufacturing to 25 per cent of the GDP,up from the current level of about 16-17 per cent.

Besides simplifying the process of doing business in India,the Government is also contemplating tax sops for investors in the proposed policy.

Tags:
global investors

Bhavish Aggarwal (Photo via his Twitter page)

Ola CEO booked after employee dies by suicide, claims harassment by management

Cities2 hr ago

A case has been filed against Ola CEO Bhavish Aggarwal and others after an employee's suicide note accused the management of harassment. The police have registered a case and are investigating under Section 108 of BNS. The employee's brother filed a complaint, stating that a large sum of money was deposited into his account after his death, raising suspicions.

View all shorts

Live Blog

PHOTOS