India's Favourable Environment Attracting International Investments: MoS V K Singh

New Delhi, Aug 19 (KNN) Minister of State for Road Transport, Highways, and Civil Aviation V K Singh on Friday said that due to the government's emphasis on development and infrastructure, numerous countries have shown confidence in India. 

“This has led to increased investments from various nations,” he said.

Speaking at the 38th annual convocation of Vellore Institute of Technology (VIT), Singh said that the favorable environment being fostered in India has positioned the nation as a prime global investment hub.

“About 162 countries have invested in 62 different sectors in 31 states and union territories in India. This reflects the growing trust these countries place on India,” he said.

Earlier, VIT Founder-Chancellor G Viswanathan urged Singh to use his good offices to influence the Centre and States to spend more on higher education and compete with advanced countries.

“The gross enrollment ration (GER), which is 27 per cent in India needs to be enhanced further and government spending on research activities should be increased,” he said, adding that the GER in the US was 88 per cent, Germany 70, China 64 and South Korea and Australia 100 per cent each.  (KNN Bureau)