New Delhi: Defence Minister Rajnath Singh has asked global investors to go long in their Indian investment plans.
Speaking at the inaugural function of the Global Investors’ Meet organised by the Government of Karnataka in Bengaluru today, he said that investors will benefit from India’s formidable strengths like political stability, huge marketing potential it offers and an ecosystem based on rule of law, free from uncertainty and disorder.
He noted that India’s immense investment potential has witnessed sustained success, lasting impact and enduring growth.
Singh stressed that India’s constitutional values are deeply rooted in its rich history of acceptance of different ideas and are illustrated in the close coordination between Union and state governments.
He said the Government has actively worked to address the challenges, including red tapism, that investors previously faced. He added that the cumbersome process of obtaining multiple clearances has been replaced by a single-window system, ensuring a faster and hassle-free experience by the investors.
Assuring of a strong market demand for the investors to tap into India’s potential, Raksha Mantri said India is already one of the world’s fastest-growing markets. He emphasised that several recent economic decisions are expected to further strengthen the demand environment.
“Under the visionary leadership of Prime Minister Narendra Modi, the Government has introduced a massive income tax cut, in this year’s budget announcement. This significant tax relief will substantially increase the disposable income of the public, leading to stronger business growth for the investor firms,” he mentioned.
The Defence Minister recalled his interaction with entrepreneurs who expressed concern that they might invest in a promising sector today, only to face unexpected policy changes later, which could disrupt their plans and profits.
Assuaging such doubts, he said that across all levels of governance in India there is a broad consensus that sustainable economic development must be driven by a market-led economy, with a leading role of the private sector.
He further elaborated that this shared commitment provides a stable and predictable policy environment, ensuring that businesses can invest, with confidence of policy continuity.
“Today, investors do not face red tapism in India. Instead, we roll out the red carpet for them. This kind of cross-political party consensus on promoting investment plays a crucial role in reducing uncertainty for our investors,” he added.
Calling for investment in Karnataka, Singh asserted that in the era of Cooperative Federalism, central and state governments are working closely together to shape the country’s economy.
Citing Bengaluru as a pioneering hub for various industries like IT and software, he said that the city is now a rising centre for Artificial Intelligence (AI) too. Asserting that this is the moment and the perfect time to invest in India, Raksha Mantri noted the unprecedented opportunities before investors.
He lauded the contributions of the investors who have been instrumental in shaping the nation’s economic progress and added that a lot more needs to be done, towards the national objective of becoming a Viksit Bharat by 2047.
