In spite of parliament disruptions by the opposition led by the Congress party, the Modi government is determined to go ahead with legislation to facilitate the accelerated economic growth of the country.
Urban Minister Venkaiah Naidu told the Confederation of Indian Industry that the Modi government is committed to reforms and will push Goods and Services Tax (GST) and other bills.
Naidu invited both the domestic and foreign investors to participate in Make in India, Skill India, Clean India and Digital India initiatives of the Central government.
“The government is very keen, that is why we are pushing one reform after another,” Naidu said. “I can assure you that in the coming days also the legislations on Real Estate Development and the GST, both of them are going to become a reality because the entire country wants them,” Naidu said.
The Real Estate Development Bill seeks to provide uniform regulatory environment to ensure speedy adjudication of disputes and orderly growth of the real estate sector. It aims to boost domestic and foreign investment in the sector.
The GST Bill is stuck in the Rajya Sabha on account of stiff opposition by the Congress party.
Naidu said that India is going for a big transformation and foreign investors are looking at India with hope.
“There is a growing confidence everywhere. Centre and states are working like Team India. We have proper climate. … You (industry) are all welcome to invest,” he added.
Naidu said huge development of infrastructure is happening in areas like agriculture, roads, railways, highways, ports and airports.