Sushma woos expats to invest in India

Dubai: External Affairs Minister Sushma Swaraj Wednesday called upon the Indian expatriate community to make optimum use of the opportunities being offered by the Narendra Modi government in the manufacturing, infrastructure and trade sectors.

Addressing professionals and members of the business community while launching a book "The Indian Super 100" for the Middle East and North Africa region, Sushma Swaraj urged them "to make best use of the opportunity offered by the Indian government".

"Whether it is the Delhi-Mumbai Industrial Corridor project or other industrial corridors, including the Chennai-Bengaluru Industrial Corridor, East Coast Industrial Corridor, Amritsar-Kolkata Industrial Corridor and North East-Myanmar Industrial Corridor, opportunities for investment are boundless," said Sushma Swaraj, who was on a visit to the UAE Nov 10-12.

"Our transparent and stable policies provide a level playing field to both domestic and foreign investors. Easing of foreign investment caps in construction, enhanced FDI caps in railways and defence production are steps intended to overcome some of the implementation bottlenecks.

"Then there is the 'Make in India' initiative, inviting foreign entrepreneurs to establish manufacturing bases in India," she added.

Meanwhile, appreciating the book's publishers for their efforts in compiling such a huge amount of information, Sushma Swaraj said: "I would suggest you to consider an edition dedicated to those common men and women who I have been told are making selfless contribution in their own right towards the welfare of Indian expatriate community."

The book mainly focuses on entrepreneurs and professionals - prominent members of the Indian diaspora in the UAE.