Union Finance Minister Shri Arun Jaitley said that there are big opportunities for foreign investors to invest in India in view of its big market, high growth potential especially in the manufacturing sector. Government has setup National Investment Infrastructure Fund (NIIF) for encouraging foreign investment in India in Infrastructure Sector in particular. Renewable Energy is a sector where there is a big scope for foreign investment and Government is keen to promote. He was delivering the Key note address at the 'Invest in India' Roundtable Session with leaders of Australian Superannuation funds in Melbourne today.

Finance Minister   further said that the Government has opened various sectors for FDI including Railways & Defence etc. He mentioned that Government has taken major steps for removing discretions in decision making process ensuring a transparent, predictable regime and  for quick dispute resolution as well. Inviting Future Fund, Australia's Sovereign Wealth Fund (SWF), and others to invest in India he said that Government is committed to address various investor issues including taxation.

The Finance Minister Shri Jaitley further mentioned that, India will continue on the current path of growth for a couple of decades more, bringing benefits of liberalisation to its people and eliminating the curse of poverty. He said that 7.5 per cent  growth rate can be improved and Government is concentrating on several areas specially the  rural India.

The meeting was attended by Australian Minister for Small Businesses and Assistant Treasurer Kelly O'Dwyer, Chairman of Future Fund Peter Costello and Indian High Commissioner Navdeep Suri. and  Indian delegation led by FICCI.

Foreign investment facilitation: new infrastructure fund and sectoral FDI liberalisation to attract institutional capital. Government is promoting India as an investment destination by establishing the National Investment Infrastructure Fund, opening additional sectors to foreign direct investment including railways and defence, and identifying manufacturing, infrastructure and renewable energy as priority areas. Concurrently, the Government asserts steps to reduce administrative discretion, improve transparency and predictability in decision-making, expedite dispute resolution, and address investor concerns such as taxation to facilitate sovereign and institutional investment.