Urging American investors to increase their investment in India, Prime Minister Narendra Modi has said that the country was fast-emerging as the new land of opportunities.

Prime Minister Narendra Modi has reiterated that this was a great time for international businesses to invest in India.

Amitabh Kumar, Director General of Shipping & Additional Secretary to the Govt of India on Tuesday said that shipbuilding was a high priority area for the government and it was trying various methods to incentivise it.

The Power Minister pointed out that from the data on item-wise quantum of imports in power sector given by Directorate General of Commercial Intelligence (DGCI), Department of Commerce it is seen that many types of equipment like transmission line towers, conductors, industrial electronics, capacitors, transformers, cables and insulators and fittings, etc.

Prime Minister Narendra Modi has said that India cannot become self-reliant without developing a robust minerals and mining sector.

The Central Government will launch the auction of coal mines for commercial mining with the theme ‘Unleashing Coal: New Hopes for Atmanirbhar Bharat’ on June 18.

Nearly $1.4 trillion investment is needed for infrastructure development in India. The revival and strong performance of the infra sector is key to achieve the ambitious target of $5 trillion economy set by Prime Minister Modi for 2025. By MANJU YAGNIK

Industry chamber FICCI has welcomed the proposed reforms in coal and mining sector and said these measures would give a push towards government’s efforts for improving efficiencies in coal sector for augmenting domestic coal production and reducing the cost of power for the consumers.

The need of the hour in the ports and shipping sector is higher benchmarks and aggressive embracing of digitalisation and advanced state-of-the-art technology.