Explorer

Jaitley urges for infra growth, domestic manufacturing

New Delhi [India], Jan 23 (ANI): Finance Minister Arun Jaitley noted that although trade has the capacity to provide an impetus to the economy, there is still need to clear infrastructure deficit and bring spike to domestic manufacturing.

Addressing the valedictory session of the ASEAN-India Business and Investment Meet and Expo, Jaitley highlighted the enormous potential of investment in India, adding that the country has displayed its capability in performing at times of adversity as well.

"Trade and investment prospects are high in India, as it has demonstrated its capacity to grow in adversity. Not only have additional resources been brought in, the competitive strength of India has also been toughened. However, there is a deficit in infrastructure, and we would like to see domestic manufacturing grow," he said.

Talking about trade relation between India and the ASEAN nations, Jaitley said the consolidation of their relationship is necessary to take giant steps for the future of the region.

"In the recent past, trade between India and the ASEAN nations has significantly multiplied. The India-ASEAN relationship has many facets to it. Look East Policy is an essential element of our foreign policy, while we have a shared culture through Buddhism. There is a special responsibility for trade ministers of the two regions," he said.

This meeting, Jaitley noted, is crucial in analysing the future of the region as well as the growth prospects of the relationship in the coming 25 years.

The ASEAN India Summit will take place on January 25, followed by the Republic Day celebrations on January 26, for which all the 10 leaders from the ASEAN countries have confirmed their participation. (ANI)


This story has not been edited. It has been published as provided by ANI

View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headline

Mukhtar Ansari Death: UP Court Orders Probe After Son Claims Father 'Poisoned' In Jail — Top Points
Mukhtar Ansari Death: UP Court Orders Probe After Son Claims Father 'Poisoned' In Jail — Top Points
I.N.D.I.A Bloc In Bihar: Here's How Congress, RJD Have Decided To Share Seats After JD-U's Exit
I.N.D.I.A Bloc In Bihar: Here's How Congress, RJD Have Decided To Share Seats After JD-U's Exit
'System Ki Dhajjiyan Uda Rahen Hain': Hardeep Puri Jabs Kejriwal At ABP Shikhar Sammelan 2024
'System Ki Dhajjiyan Uda Rahen Hain': Hardeep Puri Jabs Kejriwal At ABP Shikhar Sammelan 2024
'BJP Should Pay Rs 4,600 Crore': Congress Slams Income Tax Dept, ECI After Getting Rs 1,700-Crore Notice
'BJP Should Pay Rs 4,600 Crore': Congress Slams Income Tax Dept, ECI After Getting Rs 1,700-Crore Notice
Advertisement
for smartphones
and tablets

Videos

Isha Malviya's Collaboration With Parth Samthaan Ignites Anticipation: What Surprises Await Their Fans?ABP Shikhar Sammelan 2024: Will Congress leader Sachin Pilot ever join BJP? Know his answerABP Shikhar Sammelan 2024: 'Strong opposition is very important for democracy'- Sachin PilotKundali Bhagya's PalVeer (Paras Kalnawat & Sana Sayyad) Celebrate One Year Journey Together

Photogallery

Embed widget