India seeks foreign investment |
Showcasing India growth story before global business leaders here in WEF annual meeting, senior Indian Minister Nitin Gadkari said it is the appropriate time to invest in India. Gadkari, Minister for Road Transport and Shipping, said India is working on record road construction projects and there are no problems relating to land acquisition and environmental clearances. The port sector is also growing fast and six new ports are being developed while the country is focusing big on cruise tourism. Inland riverway is another key focus and work has started with the Ganga. There are some new plans, including for logistics parks on highways, Gadkari said, adding that agriculture has become a key priority. He was speaking at a breakfast session organised by CII and BCG on the sidelines of World Economic Forum Annual Meeting 2017. Gadkari asserted that the demonetisation move will help strengthen the economy and encourage more investments. There were some problems initially, but things have improved significantly now and within a month, every thing would be completely. Digital payments have helped a lot, including on toll collections that have gone up, he added. At the same session, Indian Minister Nirmala Sitharaman said India has great opportunities in the services sector which contributes more than 50 per cent to our GDP and there is a great potential this year.
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