Encouraging more foreign investment in the country, Minister of Railways and Coal Piyush Goyal during the opening session at the India Economic Summit of the World Economic Forum (WEF) said that India is undergoing a change in the economic narrative and rebranding itself with technology driving growth. He said that “I think there is no better place in the world today to invest in, no larger market than the Indian market and there is no pole which is going to be more important than India for the global economy”.
The Minister emphasising on the need for a strong foundation to robust growth, said that mega structures cannot be built on a weak foundation, if India has to prepare itself for global challenges of tomorrow; the country needs to develop a framework that will ensure decades of prosperity.
He said India has huge investment potential but a change in mindset is required to transform the country and added that with sectors like coal, power showing turnaround, it’s the turn of the railways now. He said that working on various areas across the railway ecosystem in India can create 10 lakh jobs within a year and further elaborated that monetising the real estate assets as well as fast tracking some of the existing investment plans would generate a lot of employment opportunities in the railways and the ecosystem around it.