Nitin Gadkari Says Indian MSMEs Are Doing An Excellent Job
To make India a profitable destination among investors, the Indian government is making all possible efforts.
With various initiatives, the government is taking all possible measures to make India an attractive destination for investments.
Recently, Union Minister Nitin Gadkari urged investors to tap the vast opportunities India offers and get good returns at a time when the whole world is finding an alternative destination for investment in the wake of COVID-19 pandemic.
India An Attractive Destination For Investment
During an event organised by the Ministry of External Affairs (MEA) on ‘Targeting $5-trillion Atmanirbhar Bharat economy by boosting MSMEs’, Nitin Gadkari said,
“We need liquidity in the market. India is an attractive destination for investments. Our MSMEs are doing an excellent job. You can bring your technology to India. You can make joint ventures. You can invest in Indian industry; there is a huge potential. It is a golden opportunity and a win-win situation for both the sides.”
Moving things in the direction of self-reliant India (Aatm Nirbhar Bharat), Nitin Gadkari said the government is pushing self-reliance as per the vision of Prime Minister Narendra Modi making investment procedure transparent and hassle-free.
V Muraleedharan, Minister of State for External Affairs, also urged the investors to invest in India.
Talking about FDI inflows in India, V Muraleedharan said,
“One estimate suggests that India attracted more than $22 billion FDI during the pandemic. Most of these investments came in through the automatic route.”
V Muraleedharan also talked about MEA’s efforts in pushing India’s image as a reliable destination for investment so that manufacturing units can shift their base here.
The minister added that the government is committed towards ease of doing business. He also said that the government is working on reforms that include easing registration for property and making tax regime simpler.
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