Australian govt keen to invest in Indian Infrastructure sector

By Accommodation Times News Services

s2016032978695Union Finance Minister Arun Jaitley met Premier of New South Wales (NSW) Mr Mike Baird in Sydney during an official visit to Australia. During the meeting Mr Baird expressed keen interest about the investment opportunities in India particularly in the infrastructure sector. He highlighted the importance of communicating the information to larger business community in Australia to enable them to understand the opportunities available in India.

He further informed Finance Minister that, he intends to visit India during the next Vibrant Gujarat which is planned to be held in India in January 2017.

At the meeting Arun Jaitley briefed the Australian Premier the investment opportunities in India. He said that, India needs lot of Foreign Direct Investment (FDI) especially in manufacturing and infrastructure sector. He said that State Governments too are taking keen interest and competing among themselves to have foreign investments in their respective States. They are organising Investment Summits in this regard, Jaitley added. The Finance Minister said that present Government has opened various sectors for FDI including railways and defence among others. He invited businesses in NSW to invest and make in India. He said that we want foreign sovereign wealth funds to be part of NIIF, pension and insurance funds in India.

Jaitley also highlighted the various initiatives and reforms measures undertaken by the present Government to boost the Indian economy which is growing at the rate of above 7.5%.

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