3 weeks ago

NITI Aayog vice-chairman urges easing land acquisition to attract investments

NITI Aayog vice-chairman urges easing land acquisition to attract investments
Ease Land Acquisition for Industries to Attract Investments: NITI Vice-Chairman · deccanchronicle.com

A very important person in India's government, Mr. Ashok Kumar Lahiri, gave a speech about how India can grow richer.

He said that when companies want to build factories, it is too hard to buy the land they need.

He thinks the rules for getting land should be made easier so more businesses will come to India.

He also said that saving money inside the country is the main way to pay for new factories and projects.

Money from other countries, called foreign investment, also helps, but India does not get as much as China or Singapore.

He told a story about how the government's spending on roads and other projects now helps private companies invest more money.

He also talked about government programs that support new ideas, like the Production Linked Incentive and the Atal Innovation Mission.

He spoke about India's dream of becoming a developed country by the year 2047.

To do that, every Indian person needs to earn a lot more money, so the country's income must grow very fast for 21 years.

He wants India to be the best place in the world for businesses to make a profit.

Key facts

Speaker
Ashok Kumar Lahiri
Role
Vice Chairman, NITI Aayog
Event
NCAER India Policy Forum 2026
Gross FDI inflows 2025-26
USD 95 billion
Net FDI inflows April 2026
USD 7.4 billion (vs USD 1.6 billion in April 2025)
India per capita income 2026
USD 2,813
Per capita income target by 2047
USD 18,000-20,000
Required annual nominal growth
9.25 per cent for 21 years

Quotes

Ashok Kumar Lahiri

Vice Chairman of NITI Aayog

“"Land acquisition for not only industrial projects but even government-sponsored infrastructure projects suffers several impediments, including legal challenges,"”
deccanchronicle.com
“"So, let us make India the most attractive location for running a successful business and making profit,"”
deccanchronicle.com

Sources

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