India rolls out red carpet, and not red tape to investors: Rajnath Singh

Bengaluru

India aims for sustainable economic growth, with a clear focus on making the country a favorable investment destination. Defence Minister Rajnath Singh expressed this during the Invest Karnataka-2025 event.

Addressing the gathering on Tuesday, Singh emphasized that India has moved past policy uncertainty and created a stable environment for investors. He mentioned that there is a broad consensus across all levels of government about driving economic development through a market-led economy, with the private sector taking the lead.

"When I speak about the policy uncertainty, I want to emphasise a crucial point. Today across all governance levels in India, including the central government, state government and local bodies, there is a broad consensus that sustainable economic development must be driven by a market-led economy with the private sector playing a leadership role," Singh said.

He further highlighted how the challenges of the past, particularly "red tape," have been replaced by a welcoming approach towards investors. "Today India no longer presents red tape to investors. Instead, we roll out the red carpet for them. This kind of cross-party consensus on promoting investment plays a crucial role in reducing uncertainty for our investors," Singh added.

The minister assured investors that Karnataka provides excellent infrastructure and a skilled workforce, making it a prime location for investment. Several industry leaders attended the event, including Anand Mahindra and Kiran Mazumdar Shaw.

Karnataka eases business approvals with new system

Chief Minister Siddaramaiah launched Karnataka’s revamped Single Window System to simplify business approvals and boost investments. Integrating over 150 services across 30 departments, it offers real-time updates and streamlined approvals.

The system includes an Affidavit-Based Clearance for swift construction approvals and a GIS tool to ensure land compliance. An AI-powered chatbot and Incentive Calculator enhance investor convenience. Siddaramaiah emphasized the government’s commitment to making Karnataka a top investor-friendly destination.