After the current government took over in mid-2014 and paved their way ahead, “ease of doing business” has been in the government’s developmental agenda to attract global and NRI investors to invest in India.
We opine that convenient business laws, quick authoritative clearances and straightforward tax structures are the keys to drawing global investments.
Believing the earnestness of the government of making business operations uncomplicated in the country, investors have sensed the new place of trade where they accede their establishments can elevate in the new terrain.
Prime Minister Narendra Modi in different countries has met the investor communities and Businessmen groups and invited them to invest in India without inhibitions, since India is not just among the fastest-growing economies but also an upcoming global market.
“There has been a 40 percent increase in foreign direct investment, and institutions such as the International Monetary Fund (IMF), the World Bank and Moody’s had maintained that the economic climate in India was bound to improve even further”.
Prime minister not only makes a strong pitch for India but also promotes “Make in India” and “Digital India” initiatives at every level. He also assures them that all remaining bottlenecks to doing business in India would be removed.
Prime minister not only makes a strong pitch for India but also promotes “Make in India” and “Digital India” initiatives at every level and at businessmen meet. He also assures them that all remaining bottlenecks to doing business in India would be removed.
Among many chief executives, he has come face to face with executives from JP Morgan, Blackstone, General Atlantic, AIG Insurance, Tiger Global and NY State Common Retirement Fund.
Modi frequently outlines the steps taken by his 20-month old government to simplify the country’s tax laws and attracting investments, domestic and foreign, especially in infrastructure.
After one of the meet, Vicki Fuller, the chief investment officer of NY state common retirement fund said that: India is very attractive to us.
Steve Schwarzman of Blackstone added: India has one of the highest levels of growth and has a pro-reform government.”
Kalpana Morparia, the India CEO of JP Morgan, said: she was “absolutely” certain about investments flowing into India.
To make India an attractive Investment destination, government says, that it is committed and executing its actions to improve: Public Sector Infrastructure, Network of Public Transport, Ease of Doing business by easing up the tax structure and making authoritative clearances easy, Improving civic facilities and services, and encouraging Transit oriented development.
NRIs and Global investors from US, UK, Canada, Singapore and many other developed countries are looking up to India as a rising star and reckoning it in big Global Marketplace.
Data Source: dnaindia.com
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