People indulging in wrongdoing will be punished and the Modi Government does not hesitate to take action if some big people indulge in wrong practices, Commerce and Industry Minister Piyush Goyal told Parliament on Thursday while responding to the debate on the demands for grants of the Commerce and Industry Ministry.
Goyal said in the Lok Sabha that Prime Minister Narendra Modi got a huge mandate from people as he does not hesitate to take actions if some big people indulge in wrong practices.
The minister said that a member in the House has stated that several raids are taking place in the country and on account of which industry is not investing.
"I am amazed...I do not understand the relation between raids and investments...Is there any provision or law in the country that if you are a big politician or a big industrialist, action would not be taken for their wrongdoings...Action will be taken....Jo galat kaam karega wo saja bhugtega uske liye (One who does wrong will be punished for that)," he said.
A day before NCP leader Supriya Sule had hit-out at the government over the raids by investigating agencies on industrialists and claimed that several restrain themselves from speaking openly about issues bothering them.
Another member BSP member Danish Ali has said that an atmosphere of fear was prevailing in the country and industry leaders refrain from speaking out freely about their concerns.
Goyal also said that the high level of foreign direct investments (FDI) coming into the country reflects the growing confidence of global investors for India.
"India is the destination," he said, adding there is no better destination than India to invest.
FDI into the country is recording high growth year after year and that is helping in further strengthening the country's forex reserves and economy, he said.
On the point raised by some members that exports are increasing due to high commodity prices, Goyal said that several commodities like auto, gems and jewellery, rice, meat, and carpets are recording growth in both value and volume terms.
Petroleum prices are high, so obviously it would have an impact on exports, he said.