India offers policy stability, transparency: FM Nirmala Sitharaman
India offers policy stability, transparency and consultative process of governance to incubate investment, Finance Minister Nirmala Sitharaman said on Thursday as she invited investments in prospecting energy resources in the country.
Stressing that there is a need for investments in coal, she said, "We need greater investments also to help in gasification of coal. I invite all of you to energetically participate in the (sixth round of commercial mines) auction processes which have been launched today and keep your options also further extended for greater extraction of minerals in India."
During this 'Amrit Kaal', India needs all the basic minerals as the country is in the process of rapid growth, she added.
Quoting a Morgan Stanley report, the finance minister said India is the place where investment should be.
"This is where action is. We are definitely creating a policy environment through which greater transparency and greater policy stability guides and invites investments. T