Govt Mulls National Investment Plan to Boost Business Opportunities in India

BENGALURU: India is a land of business opportunities as there is an ample amount of growth seen nowadays. Seeing these opportunities the government is now considering creating a National Investment Grid to map out business opportunities across the country, according to indiatimes.com.

The main intention for the creation of this grid is to encourage the private investments which are as of now going on a slow pace. Department of Industrial Policy & Promotion (DIPP) has always been at the door step of key government initiatives like Make in India, Start Up India and improving ease of doing business in India. This type of a grid will soon place investment opportunities in terms of projects upfront and make it easier for investors to access and explore.

The Invest India team has been functioning as a joint venture of DIPP, state governments and the Federation of Indian Chambers of Commerce & Industry (Ficci) with a mandate to be the first reference point for the global investment community. Accelerated public spending and consumption have been driving growth and while money has been coming from overseas, the government needs domestic investment to rise in order to bolster revival.

However the proposed grid will add to steps taken by states to improve ease of doing business and companies recognize these steps which will improve the business environment all around. But there are concerns about the lagging rural economy and fall in demand. The government also needs to step in and boost bank credit and help lenders deal with stressed assets if private companies are to be encouraged to invest.

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