Goyal cites ease of doing, other steps to attract US investors to India

Commerce and Industry Minister Piyush Goyal on Saturday appealed to the Indian diaspora of the US to help promote the country as a preferred investment destination, highlighting the vast opportunities available in various sectors.

He said that the government has taken a series of measures to attract investments and those steps include promoting ease of doing business, reducing compliance burden, opening sectors like space and efface for foreign direct investments.

Goyal also asked the diaspora to participate in making India a developed nation by 2047.

"Help promote brand India as a premium investment destination. Investing in India has tremendous growth potential and we saw NRI deposits (increasing to) USD 3 billion between April and May, and that is four times what it was last year. I am sure many of you would be looking at investments in the Indian stock market, bond market, banking systems, fixed deposits, depending on your appetite for risks," he said while virtually interacting