States showcase their wares to seek global investments

Hyderabad, May 4 (UNI) Indian states today vied with each other to seek investments from the Asian countries, showcasing the progress that they have made as a result of the reforms undertaken by them and the hospitable environment they have to offer to the business community.

Chief Ministers of various States were at their best to tell the ADB Board of Governors meet here of the reform measures they have undertaken and the future potential of their states.

A new phenomenon of the reform process has been the competition that has been unleashed where states compete for domestic and global investments.

The Chief Ministers who addressed the event included Delhi Chief Minister Sheila Dixit, Andhra Pradesh Chief Minister Y S Rajasekhara Reddy, Rajasthan Chief Minister Vasundhara Raje and Goa Chief Minister Pratap Singh Raoji Rane. West Bengal was represented by its Finance Minister Asim Dasgupta.

The ministers representating the state said how they were involved in improving the fiscal situation, their attempts at privatisation, incentives to the investors and the thrust to development in their scheme of things.

"Delhi is to witness a spur of activites in the next five years.

Construction will get a boost, thanks to the capital being chosen to host the Commonwealth games in 2010", Ms Dixit said.

Eds : Pls picking up suitably from earlier series.

UNI ASJ/ AP/ GS ARB RS2152