Finance Minister Arun Jaitley has called upon states to reform to become best investment destinations. He said investors do not like policy paralysis and prefer destinations that offer more favourable business and political environment. Addressing domestic and global investors meet in Gurgaon today, Mr. Jaitley said the future would be competitive federalism because it's not Centre-state relation, but it is states and states competing with each other to attract investment. He said the states which don't reform, people are at a disadvantageous position there. Mr Jaitley said amid global economic slowdown, India is able to maintain respectable growth rate. He said the investors across the globe are looking at India because of higher economic growth, larger market and wider base of human resource. Speaking about the recent Jat reservation agitation which led to loss of life and property, Mr. Jaitley said dark clouds are over and the state has a huge sense of resilience.Addressing the summit, Urban Development Minister Venkiah Naidu expressed confidence that the Real Estate Bill will become a reality during the ongoing Budget session of Parliament. He said the government is working on ease of doing business and ease of approval and permission and it has got positive signals from all parties. Railway Minister Suresh Prabhu ,Petroleum Minister Dharmendra Pradhan and Haryana Chief Minister Manohar Lal Khattar also addressed the summit. The two day event is organised by the Haryana government in association with the Confederation of Indian Industry. China, Czech Republic, Japan, Malawi, Mauritius, New Zealand, South Korea, Peru, Poland, Spain, Britain and Tunisia are participating as partner countries.
News On AIR | March 7, 2016 8:38 PM
FM calls upon States to reform to become best investment destinations