The State government’s Global Investors’ Meet, scheduled to be held from February 3 to 5, has received a thumbs-up from the Centre, which has assured all help to make it a success.
“Organising GIM is a good move,” Union Urban Development Minister M. Venkaiah Naidu told reporters in Bengaluru on Tuesday, while maintaining that “it was not possible to manage everything with local investments. We need global investments to cater to the needs of various sectors.” Mr. Naidu said the Centre was willing to extend help to ensure that investors’ meet was a success. He hoped that the State would remove some “small hurdles” required for attracting investments. Claiming that India was moving forward even at a time of global slowdown, he said the GIM was an indication that the States too wanted to move forward and that they were competing with each other in this regard. “Politics of poverty should be replaced by politics of development,” he said, while defending the competition among the States.
