Govt To Invest in Infra to Achieve G-20's Collective Growth Vision: Jayant Sinha

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The Minister of State for Finance Jayant Sinha on Wednesday said a very high priority needs to be given to investment including investment in Infrastructure to achieve G20s collective growth objective.

Govt To Invest in Infra to Achieve G-20's Collective Growth Vision: Jayant Sinha
Speaking at the G-20 Meeting of Finance Ministers and Central Bank Governors in Istanbul, Sinha said that this should be done through taking policy measures to improve business environment, mobilization of resources of multilateral banks and their technical expertise, facilitation of long term financing from institutional investors and use of new financial models to promote infrastructure as an asset class.

India called for early operationalization of the Global Infrastructure Hub which has been set up following the last G-20 Summit for the development of a knowledge sharing platform and to improve investment as sought by Prime Minister at Brisbane.

Minister also emphasized the need for improving the quality of public investment processes including PPP models to attract further investment which will act as a boost for growth of the economy and create the jobs we need.

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