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Infrastructure development needed to attract FDI: Murthy
Mumbai, July 17: Infosys Technologies` chairman and chief mentor N R Narayana Murthy on Thursday said development of infrastructure, which is one of the most visible signs of progress, is needed to attract foreign direct investment (FDI) to India, as IT alone cannot help in achieving President A P J Abdul Kalam`s `Vision 2020`.
Mumbai, July 17: Infosys Technologies’ chairman and chief mentor N R Narayana Murthy on Thursday said development of infrastructure, which is one of the most visible signs of progress, is needed to attract foreign direct investment (FDI) to India, as IT alone cannot help in achieving President A P J Abdul Kalam's ‘Vision 2020'.
"Better roads, airports and power among others are needed for a prosperous India, and the Centre and state governments should take adequate steps to develop it on a war-footing," Murthy, who delivered the keynote address at the ‘Gartner Summit India 2003' said.
"I respect the President's ‘Vision 2020', but IT alone cannot make it happen, and even for IT to get a good foot-holding infrastructure developing must be given priority," Murthy said.
The President, earlier outlining his vision had chosen six key areas - 2020', Dr Kalam had chosen six areas - health, education, connectivity, strategic industries and rural development - for the growth of the country.
Talking on the role of the government, Murthy said it should keep away from the "business of carrying out business", which would help in putting the country on the track of liberalisation and globalisation.
Bureau Report