Confederation of Indian Industry(CII) in partnership with The Indus Entrepreneurs (TIE) organized a diaspora interaction with Mr.ArunJaitley, Minister of Finance, Corporate Affairs, Information & Broadcasting, Government of India on June 23, 2015 in Palo Alto, wrapping up an intense 7 day visit to the United States.
Hailing the entrepreneurial and innovative diaspora in Silicon Valley, the heart of America’s entrepreneurial dyanimic, Mr.Jaitley laid great emphasis on the positive impact this highly influential community can have on India’s transformation.
Giving an insight into government’s efforts towards ease of doing business, creating a reformist and developmental agenda with an aim to reach sustainable and inclusive growth, Mr.Jaitley invited and urged the Indian diaspora to engage and contribute towards India’s rise as a global power.
Mr.Jaitley highlighted the improved economic conditions in India since the Modi government came onto power last year. Some of the governmental efforts he alluded to were the coming into effect of GST from April 2016, efforts at bringing transparency into the public procurement process, reducing the red tape and creating an environment conducive for increasing investments.
While acknowledging the tremendous contribution of the very vibrant Indian diaspora into the economic, cultural and political fabric of the United States, Mr.Jaitley also recognized the opportunities the United States has provided them to grow and achieve this magnitude of success. He expressed hope and optimism that the same entrepreneurial and innovative spirit could be brought to India as well.