Insight Online News
New Delhi, Nov 12 : Seeking to embark on a collaborative growth vision and encourage open exchange of ideas centered on enhancing the investment climate of the country, Finance Minister Nirmala Sitharaman would interact with Chief Ministers of states, their Finance Ministers and Lt. Governors of UTs via virtual conference mode on November 15.
“The envisaged interaction will attempt to create a policy discourse and a facilitative environment for inward investment-led growth. This will be enabled by a pro-active approach to investment promotion, efficiencies brought about by Ease of Doing Business reforms, and an emphasis on accelerating approvals and clearances up to Urban Local Bodies (ULB) levels,” an official statement from Finance Ministry said.
Through the interaction, the states may share their ideas and vision for enhancing the investment climate, leading to a broad consensus regarding the trajectory to be undertaken for India to become the fastest growing economy, it further said.
The statement said that while the investor sentiment is good, there is a need to capitalise on the momentum already created.
“First four months of FY 2021-22 have already witnessed inflows of $64 billion Foreign Direct Investment (FDI). Government of India (GoI) in its Union Budget 2021-22 has given further impetus to inflow of foreign investment capital through streamlining procedures, removing roadblocks and providing necessary incentives,” it stated.