Govt in constant touch with stakeholders
The Government has prepared a roadmap for investment of more than Rs.100 lakh crore on infrastructure and chosen a path of Powerful Progressive Push (PPP) for the development of the country through Public-Private Partnership (PPP).
The Prime Minister Narendra Modi gave this update at the Economic Times Global Business Summit 2020, themed ‘Collaborate to Create: Sustainable Growth in a Fractured World’ on 6 Mar 2020.
“The Government is opening more and more sectors of the economy to the private sector,” he announced
To enhance Fair Competition, both Corruption and Cronyism are strictly dealt with, he pointed out, stressing that the Government has focused on Simplification, Rationalization, Transparency.
In 2019, India received Foreign Direct Investment of about US$48 billion, up by more than 16% on the year. Similarly, Private Equity and Venture Capital Investment was US$19 billion, up 53% y-o-y.
The Prime Minister said that the government is in constant contact with all stakeholders, taking feedback continuously, taking major decisions at every level.
“By liberating the country from the status quo, we are moving towards creation by cooperation not only at the national level but also internationally.”
He also listed out the role of India in building international level institutions like International Solar Alliance, Coalition for Disaster Resilient Infrastructure.
The Prime Minister underlined four initiatives to build a US$5 trillion economy.
These are:
First – Connect with private sector;
Second – Fair Competition;
Third – Wealth Creation;
And fourth – Deletion of Archaic Laws. fiinews.com
