Home ECONOMY Mood for investing in India positive: Jaitley

Mood for investing in India positive: Jaitley

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Gandhinagar, Jan 12:

Finance Minister Arun Jaitley Monday said that the central government was taking quick decisions to attract investment and the mood for investing in India was “positive”.

The Union Minister for Finance, Corporate Affairs and Defence, Shri Arun Jaitley addressing after laying wreath at Amar Jawan Jyoti, on the occasion of Kargil Vijay Diwas, in New Delhi on July 26, 2014.	The Chief of Army Staff, General Bikram Singh, the Chief of Naval Staff, Admiral R.K. Dhowan and the Chief of the Air Staff, Air Chief Marshal Arup Raha are also seen.Addressing the Vibrant Gujarat summit here, he said that the Narendra Modi government had taken quick decisions on opening up investment in various sectors.

“The mood around the world to invest in India is very positive. This will go up significantly,” Jaitley said.

Defending the government’s move to take the ordinance route for certain issues, he said that the government could not have sat back and waited for the Rajya Sabha to pass bills.

He said that the much-awaited Goods and Services Tax (GST) would be implemented next year.

The Modi government has, in recent months, allowed enhanced foreign direct investment (FDI) in the insurance and defence sectors, besides allowing 100 percent FDI in railways.

Jaitley said that the government will pursue its policy on disinvestment in public sector units (PSUs) in coming months. IANS