New Delhi: Union Commerce and Industry and Railways Minister Piyush Goyal has invited the global investors to invest in India, taking benefit of the huge domestic market, and conducive business environment in the country.
Addressing a conference ‘India: Drivers of Change’ organized by the Bank of America, he said that the country offers fair value for their investments.
Describing India as being seen a trusted partner in the global value chains, Mr Goel said that India has a transparent system and open democracy. India is targeting to achieve rightful place in the comity of nations and the Government is working as a team, breaking departmental silos”, he added.
Talking about the current cabinet decisions, Mr Goyal informed that approval has been given to introduce the Production-Linked Incentive (PLI) Scheme in the 10 key sectors for Enhancing India’s Manufacturing Capabilities and Enhancing Exports – Atmanirbhar Bharat.
He said that the PLIs announced earlier for the telecom, APIs and medical devices have got encouraging response and the incentives will help India in becoming strong, self-sufficient, self-reliant, and meeting our domestic needs as well as for exporting.
The Minister said that the government will do the hand-holding for these sectors over the next 5 years. He also mentioned about other initiatives for various other sectors like cluster development and logistics support. On the Viability gap funding scheme for the social sectors, he said that it will bring in private investment in the social sectors like drinking water, health and education, and help in meeting the needs of the people.
