Modi hopes to roll out GST |
Promising more reforms to make India more attractive for foreign investments, Indian Prime Minister Narendra Modi assured investors that he would "carefully hold" their hands and expressed hope that theGoods and Services Tax (GST) regime would be rolled out in 2016.Speaking at the India Singapore Economic Convention , Modi said India is exploring a potential partnership with Singapore`s ChangiAirport for developments of two Indian airports and invited companies here to join in building smart cities. The Prime Minister said his government began to liberalize FDI laws soon after coming to powerlast year and the latest round of FDI reforms have made India the "most open economy" in the world.While talking about 40 per cent increase in FDI and improvement in rankings like ease of doingbusiness and world competitiveness index, Modi said, perceptions are turning into positive outcomes. Modi also outlined 14 decisive steps taken to address regulatory and taxation concerns and said that India offers tremendous opportunities for investments, ranging from affordable housing to smart cities, railways to renewable energy. He committed to mitigate the dangers of climate change arising from thebelief that nature is our mother.
|
|
|
|