NEW DELHI: Nirmala Sitharaman, India's finance minister, said on Thursday that the country provides investors a stable political environment, transparency in government, and a collaborative governance structure.
She emphasised the necessity for coal investments, saying, "We need bigger investments as well to help with coal gasification. I invite everyone to actively engage in the (sixth round of commercial mines) auction processes that have just begun today and to keep your choices open for increased mineral extraction in India.
India needs all of the essential minerals now since it is experiencing fast expansion, she continued. She claimed that India is the location where investment should be, citing a Morgan Stanley report. "Action is happening here. We are unquestionably fostering a climate for policymaking where increased openness and stability will encourage and guide investment.
For India, the next 25 years will be crucial for both employment and economic growth. Above all, you would have observed Prime Minister (Narendra) Modi's consistent policy direction and a supportive climate for industry and investments during the previous eight years. As a result, India fosters a better atmosphere and, most importantly, a consultation process with the stakeholders, she said. Keep exchanging information, she said, "because that's what will enable us craft legislation that will be advantageous for businesses to operate and that, in turn, produces the virtuous cycle for the economy," she said.
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