India`s Finance Minister Arun Jaitley inaugurated and addressed the ‘”Make in India Conference – Collaboration for Growth with Mutual Benefit’’ in Sydney . Jaitley highlighted the various steps undertaken by the Indian Government to facilitate ease of doing business and create an investor friendly climate in the country as part of the ‘Make in India’ initiative. He stressed on the need for manufacturing growth to ensure employment for youth of the country. He further mentioned that the Government has taken concrete steps for cutting red tape, simplifying rules and procedures including delicensing the business environment among others. He said that the Government is working towards making tax regime transparent, stable and predictable. Jaitley said that Make in India has become the biggest global brand which India has ever created. He said that India has become one of the fastest growing large economies in the world. India has been ranked as the most attractive investment destination by several global agencies and institutions. He mentioned about various FDI reforms undertaken recently by the present Government for attracting foreign investment in particularly in sectors such as Railways, Defence, Services and Manufacturing.
