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.
UP: Misled by GPS navigation, car falls into river from partially constructed bridge, 3 dead
Bareilly (UP), Nov 24: Three people died when their car fell into the Ramganga river from a partially constructed bridge here on Sunday, police said, adding that they suspect the driver was misled by its navigation system into taking the unsafe route.
The accident occurred around 10 am on the Khalpur-Dataganj road when the victims were travelling from Bareilly to Dataganj in the Badaun district, they said.
"Earlier this year, floods had caused the front portion of the bridge to collapse into the river, but this change had not been updated in the system," Circle Officer Ashutosh Shivam said.
The driver was using a navigation system and did not realise that the bridge was unsafe, driving the car off the damaged section, the police said.
There were no safety barriers or warning signs on the approach to the damaged bridge, leading to the fatal accident, Shivam said.
Upon receiving information, police teams from Faridpur, Bareilly and Dataganj police station rushed to the spot. They recovered the vehicle and the bodies from the river, Shivam added.
The circle officer said that bodies had been sent for post-mortem. Further investigation into the matter is underway.
— Bareilly Police (@bareillypolice) November 24, 2024
