Commerce minister Suresh Prabhu
worst is over and best is yet to come."
The minister was addressing the Global Venture Capital
Summit in Goa, attended by over 100 investors from across the
globe keen on start-ups.
"There is no market, which is exciting as India...This
is a new phase in Indias growth story," Prabhu said inviting
investors to participate in this.
every sector. Noting the drive of infrastructure creation in
the country under the Narendra Modi-led government, Prabhu
said this is a dire need for such a large country.
"The government has to invest more than 10 per cent on
infrastructure year after year. That is because we failed to
do it in the past," he said indirectly blaming the former
Congress-led governments at the Centre.
Prabhu, who was also railway minister, said on that
front,the entire investment was running into hundreds of
billions of dollars.
"We created, for the first time, a five-year plan of
the infrastructure after that," he claimed.
Prabhu, who also holds the portfolio of civil
created 100 airports and we will add 100 more in the next ten
years time with the investment of USD 65 billion. The story is
similar in roads," he pointed out.
Prabhu said that when he held the responsibility as
were asked on how India will become powerful without power.
"We made one law that brought in USD 250 billion in
investments in a matter of a decade. Today, India from being
power deficient, is a power surplus country," he boasted.
Making a case to back entrepreneurship he pointed out
while in other markets there is a 2-3 per cent growth for
possibilities are "unimaginable".
The minister especially pointed to opportunities in
agricultural start-ups because almost all the land used for
agriculture is privately owned. There are small holdings.
Therefore we have opportunity to increase the farm yield, he
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)