Anand Sharma stresses on need for higher investments in industrial sector

New Delhi, Mar 25 (ANI): Union Commerce and Industry Minister Anand Sharma has said that higher investments are required in the industrial sector in order to generate more employment and livelihood so that the poor can be part of India's growth process.

Sharma expressed his views during a meeting with the Belgium Deputy Prime Minister Steven Vanackere.

He emphasized that it is important that the investment relationship between India and Belgium enters diversified sectors.

"We need to do more in different sectors like transport equipment, machine fabrication and high technology sectors in which Belgium has strength. India is slated to invest around 1.5 rillion US dollars in the coming 5 to 6 years in the infrastructure sector and we expect Belgium businesses to participate in this effort", Sharma said.

During the interaction, Vanackere informed that this was perhaps the most successful business interaction between Indian and Belgium businesses.

In the infrastructure area, he highlighted ports as an area in which Belgian companies are interested. (ANI)