Prabhu invites Australian Superfunds to invest in India
Sydney, June 26: Addressing representatives of about 25 Australian Superfunds, who have huge investible assets, Union Commerce Minister Suresh Prabhu on Tuesday invited them to invest in India.
The Minister informed them about the work being done towards transforming and reforming India and the numerous investment opportunities being generated for investors.
He focussed on structural changes such as introduction of the Goods and Services Tax (GST), shifting of informal sector resources to formal sector through financial inclusion and increased digitisation and the measures being taken towarxds making the processes of doing business in India easier.
Investment opportunities in various infrastructure projects such as industrial corridors, ports, smart cities, airports and railway projects were highlighted by him.
This was followed by further presentations by Invest-India and Delhi-Mumbai Industrial Corridor Development Corporation (DMICDC) on details of specific investment projects that Australian Superfunds could invest in.
In his address Suresh Prabhu mentioned the sectors of knowledge-based agriculture, services, education and manufacturing as the key areas of mutual cooperation between India and Australia.
"He stressed that economic interdependence is the best way to further relationships between the countries, and that India and Australia are natural partners who can build such interdependence and leverage each other's economic advantages," a statement said.
He also met Gladys Berejiklian, the Premier of New South Wales -- the largest state of Australia.
Prabhu also met leaders of the Indian diaspora in Sydney on Tuesday.
The 15th India-Australia Joint Ministerial Commission (JMC) was held on Monday, in Canberra, Australia.
The meeting was jointly chaired by Suresh Prabhu and Australian Minister for Trade, Tourism and Investment Steven Ciobo.
The JMC took place after a gap of four years in a very warm and cordial atmosphere.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Raichur: Minor girl killed by father over relationship with youngster of different caste
Raichur: A case of honour killing has been reported from Hanchinala village in Lingasugur taluk, where a father allegedly killed his underage daughter over her relationship with a youth from a different caste.
According to the police, 17-year-old Renuka, who belonged to the Kuruba community, was killed by her father, Lakkappa Kambali. After committing the crime, he allegedly disposed of her body by throwing it into the waters of River Krishna.
Reports suggest that Renuka had developed a relationship with Hanumantha, a youth from the Valmiki Nayaka community, despite opposition from her family. Earlier, she had eloped with Hanumantha, following which her family filed a missing complaint. The police traced and brought her back after a few days.
Following the incident, Lakkappa had reportedly warned Renuka to end her relationship, telling her that she would bring shame to the family if she continued. He had also assured her that the family would find a suitable groom for her. However, Renuka is said to have expressed her intention to run away again with Hanumantha once she turned 18.
Enraged by her defiance, Lakkappa allegedly took the extreme step of murdering his daughter, police said.
The Lingasugur Police have registered a case and launched an investigation into the matter.
_vb_50.jpeg)
