Bengaluru: Raksha Mantri Rajnath Singh has called upon global investors to make long-term investments in India, emphasizing the nation’s political stability, market potential, and business-friendly environment. Speaking at the inaugural function of the Global Investors’ Meet in Bengaluru, organized by the Government of Karnataka, Singh assured investors of a stable policy landscape that fosters growth and innovation.
Highlighting Karnataka’s potential, he stated, “For world-class infrastructure, Karnataka offers next-generation facilities. For skilled human resources, Karnataka stands out with its highly talented and future-ready workforce.” He also noted that India has moved beyond the IT and software era and is now embracing Artificial Intelligence (AI). Singh expressed confidence that just as Bengaluru pioneered India’s software revolution, it would soon provide the country’s first Foundational AI Model.
Singh stressed that investing in Karnataka means gaining access to not just state resources but also the collective strength of India’s vast economic ecosystem. He emphasized the Central Government’s efforts to streamline the investment process, replacing multiple clearances with a single-window system for ease of doing business.
Economic reforms were also a focal point of his address. He highlighted the Reserve Bank of India’s recent decision to reduce the repo rate from 6.5% to 6.25%, making borrowing more affordable, alongside a significant income tax cut that exempts individuals earning up to Rs. 12 lakh annually from taxation. “This will substantially increase disposable income and strengthen market demand,” he added.
Addressing concerns about policy uncertainty, Singh reassured investors that there is a strong consensus at all levels of government in favor of a market-led economy with private sector leadership. “India no longer presents red tape to investors; instead, we roll out the red carpet,” he affirmed.
He also underscored the spirit of Cooperative Federalism, citing the GST framework as a successful model where Central and State Governments collaborate for economic policy decisions. He encouraged investors, stating that their investments would not only unlock opportunities for business growth but also contribute to Karnataka’s and India’s economic progress.
The event was attended by Karnataka Chief Minister Siddaramaiah, Union Minister of Consumer Affairs Pralhad Joshi, Karnataka Deputy Chief Minister DK Shivakumar, state ministers, and industry representatives.
