Arun Jaitley hopes states will vie for investments

New Delhi: With Vibrant Gujarat Summit attracting proposals worth a staggering Rs 25 lakh crore, Finance Minister Arun Jaitley has expressed hope that states would consistently pursue business-friendly policies and compete with each other to
arun jaitley hopes states will vie for...
PTI January 14, 2015 6:27 IST

New Delhi: With Vibrant Gujarat Summit attracting proposals worth a staggering Rs 25 lakh crore, Finance Minister Arun Jaitley has expressed hope that states would consistently pursue business-friendly policies and compete with each other to attract investments.

Appreciating efforts of West Bengal to attract investments, the Finance Minister on Tuesday said the Centre would extend all support to the Trinamool-government to promote industry and boost growth in the state.

He, however, added the Mamata Banerjee-led government would have to consistently take pro-reform and business-friendly steps to build investor confidence.

"We, in the Central government, would be extremely keen to help West Bengal to grow," he said in his Facebook post entitled 'A Tale of Two Global Summits'.

States, he hoped, "are going to compete with each other in cornering investment. I have no doubt that the ones which consistently and uniformly pursue reforms and business friendly-policies are likely to succeed".

The ongoing Vibrant Gujarat summit attracted investment pledge of an astonishing Rs 25 lakh crore in the first two days. As many as 21,000 MoUs were also signed.

Earlier, at the West Bengal global summit, proposals envisaging investment of about Rs 2.5 lakh crore were signed.

 
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