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Ease of Doing Business Mapping and growth targeting being done for districts: Union Minister Shri Suresh Prabhu
Invest India given target to attract 100 billion dollars of FDI in next two years: Commerce Minister
The Union Minister said that India has recorded the highest FDI this year, a figure higher than that of China. He said that Invest India has been given a target to attract 100 billion dollars of FDI in the next two years. Countries, sectors and specific companies are being targeted for this purpose, said the Minister. Companies which have investible surplus and inclination to invest in India are being targeted for bringing in FDI. He said that the idea is that the 100 billion dollar investment mentioned above should go to those states which can absorb the investment. He stated that Maharashtra has the highest potential to get such investment.
Noting India’s improvement in the World Bank’s Ease of Doing Business rankings, the Minister said that the Government is coming out with a mapping of ease of doing business for each district of India. He said that Maharashtra will be one of the top destinations where district-level EoDB rankings would be improved. This initiative will go a long way in boosting investment, he added.
Shri Prabhu said that districts are being targeted to make incremental improvements in growth rate. He said that six districts in five different states have been selected for such targeting. Maharashtra is the only state where two districts have been selected. NACER and IIM have mapped the districts and strategy is being worked out for boosting the district growth rates, for inclusive growth.
The focus of the Partnership Summit is on policy, on bringing more investment into India and on better marketing India’s capabilities. He said that at a time of global slowdown, India remains a bright spot in the world economy. The Partnership Summit will showcase to the global and domestic industry the various initiatives being taken by the Government to accelerate India’s growth, said the Minister. He said that the summit will serve as a trigger to boost the growth of the Indian economy.
Minister Shri Subhash Desai thanked the Government of India for choosing Maharashtra as the host state for the summit. He also thanked CII for organizing the summit.
DG, CII, Mr. Chandrajit Banerjee said that 39 countries have confirmed participation in the summit. He said that the International Summit will have participation of Heads of State and Government, Ministers, policy makers, CEOs, academicians and thought leaders from India and all over the world. The summit is intended to be a global platform for dialogue, debate, deliberation and engagement among Indian and global leaders on economic policy and growth trends in India.
*More on the Summit*
The theme for this year’s Summit is ‘New India: Rising to Global Occasions’.
Some of the topics under discussion at the Summit include: “Partnering with New India”, “Reforms and De-regulation – Strategies to Boost Investments”, “The Infra Expanse – a Super Imperative for Growth”, “The Inclusion Dynamics – A Digital Wireframe for All”, and “India: The New Global Address”, “Fostering an Innovation-driven Growth”, “Shaping the Future of Manufacturing: The Time is Now”, “Giving the Food and Agro sector the much-needed Impetus”, “Healthcare Development as a key component of a Growth Strategy”, “Tourism and Hospitality as a new Growth Driver”, “Defense and Aeronautics: Fulfilling the Country’s Industrial Ambitions and its Security Imperatives” and “Betting on a Leadership Role in Renewables”.
Some of the overseas dignitaries addressing the Summit include H.E. Stephan Kubiv, First Vice Prime Minister and Minister of Economic Development and Trade, Ukraine; Kim Hyun Chong, Hon’ble Minister of Trade, South Korea; Sultan Bin Saeed Al Mansoori, Hon’ble Minister of Economy, UAE; Amelia Kyambadde, Hon’ble Minister of Trade, Industry and Cooperatives, Uganda; Rishad Bathiudeen M.P. Minister of Industry and Commerce, Resettlement of Protracted Displaced Persons & Co-operative Development, Sri Lanka, Neeza Imad, Hon’ble Minister of State for Economic Development, Maldives; Chhuon Dara, Secretary of State for Commerce, Cambodia; Francis Gurry, Director General, World Intellectual Property Organization (WIPO); Hiroshi Kuniyoshi, Managing Director and Deputy to Director General, United Nations Industrial Development Organisation (UNIDO); and Alexander Böhmer, Head – South and Southeast Asia Division, Global Relations Secretariat, Organisation of Economic Co-operation and Development (OECD)
The Summit will witness participation by Business Delegations from countries including Bangladesh, Sri Lanka, Saudi Arabia, UAE, UK, Russia, South Africa, Bolivia, Nepal, Belarus, Ukraine, and Maldives among others.
Summit website: http://partnershipsummit.com/
