BENGALURU: Defence Minister Rajnath Singh on Tuesday said Karnataka is the best investment destination for entrepreneurs and the Centre will extend all cooperation to the state.
Inaugurating the Global Investors’ Meet here, he said the country is deeply rooted in its constitutional values. There is a need for the Union and state governments to rise above politics in the larger interests of the country’s progress.
Calling for more investments in Karnataka, Singh asserted that in the era of cooperative federalism, the Union and state governments are working together closely to take the country’s economy to new heights.
Citing Bengaluru as a pioneering hub for various industries, including IT and software, he said the city is now a rising centre for Artificial Intelligence (AI).
“CM Siddaramaiah graciously invited me to the event though we belong to different parties and are political opponents. His magnanimous gesture eloquently declares his statesmanship. His invitation shows that in the pursuit of national interests, we stand united unmindful of political differences,” Singh said.
“No matter what your investment requirements are, Karnataka provides a good foundation for growth and success. As an investor, you seek world class infrastructure and Karnataka is offering next-generation infrastructure. If you require skilled human resources, Karnataka stands out with its highly talented future ready workforce,” the Union minister said.
“The profound words of late prime minister Atal Bihari Vajpayee, ‘sarkare aayengi jayengi, partiya banengi, bigadengi magar ye desh rahna’ is a timeless reminder that above all political differences the unity, integrity and progress of the country must remain the highest priority,” he said.
‘India rolls out red carpet, not red tape to investors’
Highlighting India’s shift from red tape to red carpet for investors, Singh emphasised its predictable policy environment and commitment to sustainable economic development through a market-led economy.
“India rolls out red carpet, and not red tape to investors and that there is broad consensus for sustainable economic development in the country. India has addressed the crucial point of policy uncertainty by creating a stable and predictable policy environment,” he said.
The shared commitment of sustainable economic development provides a stable and predictable policy environment ensuring that investors can invest with confidence on policy continuity.
“In the past, investors faced numerous challenges and one of the biggest hurdles was red tape. Today, India no longer presents red tape to investors. Instead, we roll out the red carpet for them. This kind of cross party consensus on promoting investment plays a crucial role in reducing uncertainty for our investors,” he said.
Singh urged investors from different parts of the world to invest in Karnataka as it offers everything one seeks.
Union Minister for Consumer Affairs Pralhad Joshi said successive governments made prompt efforts to attract investments. He offered all help from the Centre for infrastructure development in the state. He said the Modi government has ensured a competitive federalism.
Siddaramaiah unveiled the state’s revamped single window policy.