India has become a aspirational country, attracting investment : Jaitley
13 February, Bengaluaru
Union Finance Minister Arun Jaitley Monday said that “India has become an aspirational country and attractingmore investment from the world over.
“Inspiration coupled with aspiration is attracting more and moreinvestment from the world and there is positive attitude ininvestment,” he added.
Speaking after inaugurating ‘Make India Conference in Karnataka’held in association with the Department of Industrial Policy &Promotion, Government of India, here he said that the seven per centgrowth is not satisfactory and there is need to march forward toachieve more. Despite global slowdown the country is marching aheadand there is need to keep up the momentum.
Stating that GST will become reality and it will be implementedin the middle of the year, he said that this will give ampleopportunity for the States to grow and it will lead to growth ofeconomy in the country.
Mr Jaitley said that NDA government headed by Prime MinisterNarendra Modi is giving priority to Agriculture and Rural areadevelopment to remove inequality.
He said that Rs 3,96,000 crore has been earmarked in the Budgetfor development of infrastructure which paves way for attractingmore investment and growth of industry.
He said that the Social sector was also accorded priority and theStates will take care growth of Welfare.
Mr Jaitley said that Karnataka has the distinction of progressive State in the country and it should achieve 2 per cent to 3 per centgrowth more than the national growth to become leading State in thecountry. “Karnataka has the potential to attract much greaterinvestment and has maintained steady growth since last two decades.Karnataka was the first state in the country to earn a name ofEducational hub in India and has produced many stalwarts, humanresources and Information Technology has attracted global attentionand in service and manufacturing sector also the State is marchingforward,” he added.
He said that protectionism which was not heard in India isgaining momentum and hence despite global slowdown the conduciveenvironment developed lead to attract more investment.