India offers best destination for foreign investment in MSME, NBFC: Gadkari

Calling India as the most favourable destination for foreign investment, Union Minister Nitin Gadkari on Tuesday urged foreign investors to reap rich dividends by investing in the country’s infrastructure, MSMEs, banks, NBFCs and other sectors.

Addressing the India Idea Summit organised by the US-India Business Council, jointly with the US Chamber of Commerce, the Minister said, “We need to create more jobs. Without that, we cannot solve the problem of poverty which is the most important agenda of the government. And for that, we need foreign investment especially in the MSMEs, NBFCs, banks; and infrastructure.”

Referring to the COVID-19 pandemic as a temporary phase, Gadkari said the country was confident of winning the “economic war” and the government has taken a number of steps to overcome the crisis.