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New Delhi : Union Finance and Corporate Affairs Minister Arun Jaitley on December 6, 2017, asked business leaders for making investments in infrastructure sector to build a stronger India.
The Finance Minister said that private investment along with public and foreign investment are the key to boost growth and create job opportunities. Jaitley was holding his third Pre-Budget Consultation Meeting with the business leaders and representatives of the various Chambers of Indian trade and industry here on Decembr 6. Highlighting the importance of investment in infrastructure sector, the Finance Minister said the Government has taken various steps and has also set-up National Investment and Infrastructure Fund (NIIF) among others to boost investment in this sector, according to a PIB release.
The representatives of the Indian Trade and Industry Associations/Chambers present during the aforesaid meeting included Shobana Kamineni, President, CII, Sandeep Jajodia, President, ASSOCHAM, Pankaj Patel, President, FICCI, B N Kalyani, Bharat Forge Ltd, Ganesh Kumar Gupta, President, Federation of Indian Exports Organisation (FIEO).
Various suggestions were made by the business leaders and the representatives of different Chambers of Indian Trade and Industry among others. The major suggestions/demands included permitting the purchase of Banks’ Recapitalization Bonds by the institutes and the public at large, reducing Government stakes in Public Sector Banks(PSBs), setting-up of Land Bank Corporation for monetization of Government lands including the land belonging to Army, Railways and Public Authorities, setting-up of National Power Generation Corporation and creation of National Innovation Fund.