Cross-political party consensus on promoting investment plays key role in reducing uncertainty for investors: Rajnath Singh

India no longer offers red tape to investors, instead a red carpet is rolled out for them, said Defence Minister Rajnath Singh at Global Investors’ Meet, ‘Invest Karnataka 2025’, which was inaugurated here on Tuesday.

“India no longer presents red tape to investors, instead a red carpet is rolled out for them. This kind of cross-political party consensus on promoting investment plays a crucial role in reducing uncertainty for our investors,” he said while addressing a packed audience of domestic and international investors at Bangalore Palace.

He said investors would benefit from India’s formidable strengths such as political stability, the huge marketing potential it offered, and an ecosystem based on rule of law, free from uncertainty and disorder.

Next-gen infrastructure

Urging global investors to go long in their Indian investment plans, the Defence Minister said, “If as an investor, you seek world-class infrastructure, Karnataka is now offering next-generation infrastructure facilities. If you require skilled human resources, Karnataka stands out with its highly talented and future-ready workforce.”

According to the Minister, the country’s economic ecosystem was deeply integrated, which meant investing in Karnataka offers investors access to the country’s vast and diverse resources. “When you invest in Karnataka, you are not just investing in one State, you are tapping into the collective strength of India’s vast resources, and a colossal talent pool,” he explained.

Cooperative federalism

Mr. Singh said India was in the era of cooperative federalism, where everyone worked with the true spirit of ‘Team India’. He gave the example of the GST framework, in which representatives from both the Central and State governments came together to collectively decide tax rates through consensus. “This is a testament to how the Central and State governments are collaborating to shape the country’s economy,” he said.

He said the world had moved beyond the era of IT and software, and stepped into the age of artificial intelligence (AI). “Just as Bengaluru gave India its software technology foundation, it will soon provide the nation its first foundational AI model,” he anticipated.