I&B Minister urges industry to invest in India | Business Upturn

I&B Minister urges industry to invest in India

Union minister for information and broadcasting Anurag Thakur on Thursday urged the industry to invest in India stating that the country has emerged as a trusted partner in the world in the global supply chain.

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Mumbai, April 21: Union minister for information and broadcasting Anurag Thakur on Thursday urged the industry to invest in India stating that the country has emerged as a trusted partner in the world in the global supply chain. Speaking at the Times Network India Economic Conclave 2022, the minister said that the opportunities present today are like never before for the Indian private sector to rise. “Today, India is racing ahead with reforms at an unprecedented pace. India is committed to becoming a trusted partner in the world, in the global supply chains.

We are making way for free trade agreements with many countries. And you have seen recently with Australia and the UAE. The spirit of entrepreneurship of Indians can give new energy to every global partner of ours. So this is the best time to invest in India,” the minister said. He further stated that India is currently registering growth across sectors. And setting records in exports and timely completion of projects. Stating that India is playing a greater geostrategic role, Thakur said.

“Our voice is not only heard, but our opinion matters. Our actions are closely watched. Today, if the conversation and the table does not include India. It is their loss and so attempts are made to include India. This is the new India of the 21st century that is ready to lead in the post-pandemic world, and on the path of becoming a Vishwa Guru (world leader) again.” Talking about the initiatives taken by the government, the minister said that India has regained the confidence of the business community by introducing reform measures like the retrospective tax.

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Also, with the de-regularisation of many emerging sectors including drones, geospatial, India is emerging as a market leader. “We are seeing opportunities like never before for the Indian private sector to rise. This is the best time to invest in India. Also, India’s commitment to deep economic reforms is another major reason that is making India the most attractive destination for investment,” Thakur added.