Nifty99000 100%

Sensex99000 100%

Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
RSS

News

Global investors willing to set up ventures in India: Minister

Author: IANS/Saturday, January 27, 2018/Categories: Economy

Global investors willing to set up ventures in India: Minister

New Delhi - Union Minister of State for Development of the northeastern region Jitendra Singh has said that India is fast emerging as a preferred destination for business and entrepreneurship as several investors from all over the world are willing to set up ventures even in lesser preferred regions.

"As a result of a number of decisions taken by our government to ease doing of business, India is fast emerging as a preferred destination for business and entrepreneurship. Investors from all over are willing to set up ventures even in the hitherto lesser preferred regions like the northeastern region of the country," Singh was quoted as saying in an official statement. 

He was speaking at a "Luncheon Roundtable" meet on "Sustainable Production through Fourth Industrial Revolution Innovations" in the Swiss town of Davos on Wednesday.

Singh allayed fears expressed by some participants about excessive regulatory controls by certain governments across the world and said that the Indian government had made a conscious effort to bring in ease of business through relaxation of avoidable regulations in over three years. 

"Within a short span of three to four years, the government has done away with nearly 1,500 such rules and regulations which had become obsolete and irrelevant in this age."

On the use of Artificial Intelligence (AI) and robots to promote production and business in future, Singh said: "While these technological advances can prove an asset by contributing to sustainable development, the challenge, however, will be to ensure that human intelligence does not end up becoming a slave to Artificial Intelligence."

The most ideal situation would be when human and artificial components supplement each other's resources to accomplish the Fourth Industrial Revolution Innovations, the Minister said.

He said that international markers indicate that 2020 will be a milestone for evaluating progress towards the 2030 agenda, in India, an important milestone would be 2022 -- the year which marks the completion of 75 years of its independence. 

"Several recent initiatives of the India government have been targeted to meet their end point by 2022 following which further journey will be to boost competitiveness and aim at targets beyond."

Singh referred to steps taken by India to use alternative sources of energy with the twin objectives of meeting growing energy needs and keeping in mind the environmental concerns. 

"When, for example, over 50% of global greenhouse gas emissions result from the cradle-to-factory journey of goods, India has already geared itself to astounding levels of innovation in all spheres."

Singh also referred to new opportunities for public-private collaboration being facilitated by the Indian government, with least intimidation or interference. This would serve as an incentive for small and medium enterprises to stay relevant in future scenarios, he added.

Print Rate this article:
No rating

Number of views (93)/Comments (0)

rajyashree guha

IANS

Other posts by IANS
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free