October 01, 2026 03:19 am (IST)
Follow us:
Jaitley begins Australia tour batting for FDI
Sydney/New Delhi, Mar 29 (IBNS) Indian Finance Minister Arun Jaitley arrived in Sydney on Tuesday on his four-day official visit to Australia and met New South Wales (NSW) Premier Mike Baird.
During his meeting with Baird, Jaitley, in his opening remarks said that India needs lot of Foreign Direct Investment (FDI), especially in manufacturing and infrastructure sector.
He said that state governments in India too are taking a keen interest and competing among themselves to have foreign investments in their respective states.
Jaitley said that present Government has opened various sectors for FDI, including railways and defence.
He invited businesses in NSW to invest and make in India. He said, "we want foreign sovereign wealth funds to be part of NIIF, pension and insurance funds in India."
Jaitley also highlighted the various initiatives and reforms measures undertaken by the present Government to boost the Indian economy, which is growing at the rate of above 7.5%.
Speaking on the occasion, NSW Premier, Baird, expressed a keen interest about the investment opportunities in India particularly in the infrastructure sector.
He highlighted the importance of communicating the information to larger business community in Australia to enable them to understand the opportunities available in India.
He also informed Jaitley that he intends to visit India during the next Vibrant Gujarat programme, which is planned to be held in India in January 2017.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
PM Modi speaks to Trump; reviews trade, defence, India-US ties
Wed, Sep 30 2026
Vimal ad row: SRK, Ajay Devgn, Tiger Shroff respond to FDA notices, says Tukaram Mundhe
Wed, Sep 30 2026
Gyanesh Kumar row exposes INDIA bloc rift: DMK, AAP skip meet, Akhilesh sends representative
Wed, Sep 30 2026
Who is Hashim Moosa? Pakistani LeT terrorist killed during encounter in Jammu and Kashmir
Wed, Sep 30 2026
Jammu and Kashmir: Pakistani LeT commander killed during encounter with security forces
Tue, Sep 29 2026
CISF jawan opens fire at J&K camp, kills 4 colleagues after argument
Tue, Sep 29 2026