From ET Realty
VISAKHAPATNAM: The government today assured industry that all efforts will be made for the passage of Goods and Services Tax (GST) and other Bills as it is committed to reforms and ease of doing business.
“The government is very keen, that is why we are pushing one reform after another. I can assure you that in the coming days also the Real Estate Development and also the GST, both of them are going to become a reality, because the entire country wants it and it will accelerate the growth of the country,” Parliamentary Affairs Minister M Venkaiah Naidu said.
The Real Estate Development Bill seeks to provide uniform regulatory environment to ensure speedy adjudication of disputes and orderly growth of the real estate sector. It aims to boost domestic and foreign investment in the sector.
The Goods and Services Tax (GST) Bill is stuck in the the Rajya Sabha on account of stiff opposition by the Congress party.
Addressing the CII partnership Summit, Naidu invited both the domestic and foreign investors to participate in Make in India, Skill India, Clean India and Digital India initiatives of the Centre.
“I can assure you that the government at the Centre will accelerate the reform and we are committed to that,” he said.
He said that India is going for a big transformation and foreign investors are looking at India with hope.
“There is a growing confidence everywhere. Centre and states are working like a Team India. We have proper climate. … You (industry) are all welcome to invest,” he added.
Inviting investors in Andhra Pradesh, Naidu said huge development of infrastructure is happening in areas like agriculture, roads, railways, highways, ports and airports.
He said that HUDCO is going to sign an expression of interest of Rs 7,500 crore with the state for the development of the new capital city.
Talks are also at advance stage on the construction of metro network in Visakhapatnam and Vijaywada, said Naidu, who is also the Minister for Urban Development.
Regarding Vijaywada metro, he said, detailed project report is being prepared and in-principle nod has been given, he said, adding that talks are on for the development of inland waterways.
On the request to include the new capital city of Andhra Pradesh in the list of smart cities, he said: “We will consider it positively.”