US can change India’s development aspirations into reality: Ambassador Sandhu
India would need around USD 4.5 trillion for investment in infrastructure by 2030
India looks at the US as a very close friend and a strong partner critical to transforming the development aspirations of millions of Indians into a reality, Indian ambassador to the US, Taranjit Singh Sandhu told the Indo-American leaders in the IT sector.
“One thing you cannot miss about India is its size and scale. A huge domestic market of 1.3 billion people, the ability to leapfrog in technology, and large skilled workforce. That’s India for you,” the Indian ambassador said at a roundtable conference with The IndUS Entrepreneurs(TiE) Global and TiE DC on Thursday.
He said India would need around USD 4.5 trillion for investment in infrastructure by 2030.
“Whatever we do is not enough, given the sheer scale. This is a challenge as well as a huge opportunity.” India has launched an information repository of about 7,000 projects, identified under the National Infrastructure Pipeline. Both public and private investment would be the key to financing infrastructure investments, he said.
Sandhu further added that India may provide a huge investment opportunity across various sectors. Be it hydrocarbons, renewable energy, health, pharma, IT sector, food processing, electronics manufacture and others, India offers a huge market for investments.
“You can make in India, and make for the world,” the Indian ambassador said.
The Indian ambassador said Prime Minister Narenndra Modi believes that technology is a great tool to the socio-economic development of the society.
He marked that the welfare schemes, which have proved effective for the citizens are all technology oriented. Starting from Aadhar to Jan Dhan Yojna and Ayushman Bharat, all the benefitting schemes are technology oriented.
The Indian ambassador said that India believes the world to be a family and that India is open to accepting ideas from across the world, besides sharing its own with others.
He said the world would need to come together in the post COVID world for the rejuvenation of the economy. He said, “We have indeed come a long way, but we do have a long way to go given the true potential of relations.”