Hyderabad, May 23 : Kotak Asset Management Company Managing Director Nilesh Shah has said that the best way to attract investments exiting from China is to follow the Telangana Government TS-iPASS initiative, ( the industrial policy of state government) to give online approvals for industries within 15 days through self-certification mode, by all Indian states.
He said this while speaking on the Federation of Telangana Chambers of Commerce and Industry (FTCCI) Webinar - “Investor Confidence Building Measures-post COVID-19” on Saturday. Mr Shah pointed out that India needs to fire on four specific cylinders to defeat corona and bring the economy on rails again. These include medical solutions, monetary stimulus, out of the box thinking and fiscal stimulus. Besides, money needs to reach the borrower's hands to revive growth, he said.
He has also to say that India has the largest Gold reserves which is nothing but a dead asset. We need to monetize gold to revive our economy, the Kotak Company MD said. On stock market investment, Mr Shah said “Investors should continue to remain invested and new investors should also make investments in Large Cap; Mid Cap and Small Cap Stocks as they are available at fair prices and based on their risk appetite.
He expressed confidence that once the medical solution is available, the capital market in all likelihood will revive and cross the previous high”. MORE (UNI)