By Sachin Kumar
DOHA: India has invited Qatari investors and businessmen to participate in ‘Make in India Week’ taking place from February 13 to 18 in Mumbai. Speaking in a roundtable discussion yesterday, Sanjiv Arora, Ambassador of India to Qatar, said that ‘Make in India Week’ will offer glimpse of immense opportunities to Qatari businessmen.
The roundtable event was organised by Qatar Chamber. The Ambassador said that at the time when major economies are facing slowdown concerns, India is a rare bright spot for global investors. With a growth rate of over 7 percent, India has emerged as the fastest growing economy globally and it remains an oasis in the midst of a subdued economic landscape.
He said that Make in India initiative was launched globally in September 2014, as part of the Government of India’s renewed focus on invigorating the country’s manufacturing sector. The landmark initiative has made a tremendous impact on the investment climate of the country, and reflects in the significant growth of overall Foreign Direct Investment (FDI). India’s ranking in terms of FDI destination globally has improved from 15th in 2014 to ninth rank in 2015.
He said that since the launch of this initiative, the Government of India has taken several reform initiatives to create an enabling environment that has provided a push to manufacturing, design, innovation and entrepreneurship.
He added that the government has also launched other innovative initiatives such as “Digital India”, “Smart Cities” and “Skill India”.
The theme of the Make in India Week is innovation, design and sustainability. A number of events have been planned around this theme on the larger canvas of manufacturing.
He added that another related event — India Investment Summit — will be organised from February 4 to 5 in New Delhi, which is likely to see attendance of major global investors. Earlier in the session Vice Chairman of Qatar Chamber, Mohamed bin Ahmed bin Twar Al Kuwari welcomed Indian businessmen in Qatar.
The Peninsula
