Russia may invest in Delhi-Mumbai Industrial Corridor, smart cities, railways, public transport: Suresh Prabhu
Russia has invested $1.2 billion in India between 2000 and 2017.
India's ability to grow at the rate of nine to 10 percent annually will depend on its calibre to create top class infrastructure in size, scale and speed, said a top official on Tuesday.
Prime Minister Narendra Modi is expected to conclude various projects for Gujarat when he visits Japan next week for his four-day trip.
Swaraj, who has undertaken visits to neighbouring countries Bangladesh, Myanmar, Bhutan and Nepal in recent weeks, spent the day holding meetings with Singapore's leadership including Prime Minister Lee Hsein Loong and her counterpart K Shanmugam.<br />
Noting that Singapore is not only India's largest trading partner in ASEAN, but also one of the largest source of foreign investment globally, Swaraj said the two countries can achieve anything if they open their imagination.<br />
The project is aimed at creating mega industrial infrastructure along the Delhi-Mumbai Rail Freight Corridor, which is under implementation.
Last year, the government has relaxed foreign direct investment (FDI) norms in several sectors such as telecom, defence, PSU oil refineries, commodity bourses, power exchanges and stock exchanges.
IBM is working with Delhi-Mumbai Industrial Corridor Development Corporation to build smarter and sustainable cities.
The centralised nature of the national manufacturing policy (NMP) means it will be slow to take off and possibly deliver poor results. NMP needs to be decentralised.
The UPA cabinet cleared the $90 billion Delhi-Mumbai Industrial Corridor. Gujarat is best placed to benefit from the investments.