Union Urban Development Minister M. Venkaiah Naidu has invited the CEOs in Singapore to invest in the twin programmes under his ministerial charge of developing 100 Smart Cities and achieving Housing for All by 2022.
He said there is huge potential for investments in these two ambitious programmes and the FDI norms have been further relaxed.
The business community was assured that labour reforms are on his Government’s priority striking a healthy balance between industrial development and issues pertaining to working class.
On a three day visit Singapore, the Minister participated in an interactive session with CEOs of top Singapore Business Houses of all major sectors, he said Government is willing to walk an extra mile to create investor-friendly environment and assured them they would be comfortable in setting shop and doing business in India than ever before.
Minister Naidu said with change in regime at the Centre came the positive business environment. He emphasised the PM’s ‘Make in India’ initiative and asked them to explore the avenues to invest in India and make in India, according to a statement.
Referring to the PM’s mantra ‘Less Government and More Governance,’ he said doing business in India has never been so easy and comfortable. Earlier domestic investors were looking at foreign shores for business opportunities and now the situation is completely reversed in a few months of Modi’s government at the Centre.