<p>The government on Wednesday invited investments from non-resident Indians (NRIs), saying huge opportunities exist for them in areas like manufacturing.<br /><br /></p>.<p>"You have to believe in India. We are a nation of billion people opportunities. Come and work together," Commerce and Industry Minister Anand Sharma said at the 12th Parvasi Bharatiya Divas here.<br /><br />Sharma informed the NRI community that the government has relaxed foreign direct investment norms in several important sectors such as retail and civil aviation.<br /><br />“The government has announced a national manufacturing policy to boost the sector's contribution in the GDP. National Investment and Manufacturing Zones (NIMZs) are planned. 14 of them are approved in different states,” he said.<br /><br />These zones are industrial townships, benchmarked to the best manufacturing hubs in the world.<br /><br />He also said that the country would rebound to economic growth which fell to a decade's low of 5 per cent for the entire 2012-13 fiscal.<br /><br />“We will go back to high growth. Our priority is to become a world leader in manufacturing. Manufacturing led growth is the only way to address the issues of trade account deficit,” Sharma added.<br /><br />Hinting at further reforms, he said, “We are committed to have more reforms. Public procurement laws are going to be a reality in India.” The government is making several laws to deal with corruption, Sharma said.</p>
<p>The government on Wednesday invited investments from non-resident Indians (NRIs), saying huge opportunities exist for them in areas like manufacturing.<br /><br /></p>.<p>"You have to believe in India. We are a nation of billion people opportunities. Come and work together," Commerce and Industry Minister Anand Sharma said at the 12th Parvasi Bharatiya Divas here.<br /><br />Sharma informed the NRI community that the government has relaxed foreign direct investment norms in several important sectors such as retail and civil aviation.<br /><br />“The government has announced a national manufacturing policy to boost the sector's contribution in the GDP. National Investment and Manufacturing Zones (NIMZs) are planned. 14 of them are approved in different states,” he said.<br /><br />These zones are industrial townships, benchmarked to the best manufacturing hubs in the world.<br /><br />He also said that the country would rebound to economic growth which fell to a decade's low of 5 per cent for the entire 2012-13 fiscal.<br /><br />“We will go back to high growth. Our priority is to become a world leader in manufacturing. Manufacturing led growth is the only way to address the issues of trade account deficit,” Sharma added.<br /><br />Hinting at further reforms, he said, “We are committed to have more reforms. Public procurement laws are going to be a reality in India.” The government is making several laws to deal with corruption, Sharma said.</p>