New Delhi: PM Narendra Modi on Friday said that the decision to impose the provision of retrospective taxation of the law showed a central commitment to provide the stability of the investment climate and also subjugated policy consistency.
The statement came for hours after Lok Sabha passed the bill meaning to end a tax dispute with 17 companies, including a high like Vodafone and Cairn PLC.
Overcoming exporters, businesses, countries and ambassadors of India in a foreign mission at an event to find out strategies to increase Indian exports to $ 400 billion this year, PM said exporter was very knowledge of the importance of stability.
“This sends a clear message to all investors who not only offer new opportunities, but the decisive government has the desire to fulfill his promise,” Modi said when talking about the law.
He also said that the center worked with countries to minimize regulatory burden.
While promising all possible support from the government to increase exports, Modi urged each stakeholder to play their role, with the state government and the Indian mission it is recommended to work together in identifying new product segments and markets.
Modi said there were positive signs in the economy.
“Today, we not only see signs of recovery, but there are positive signs on high growth too.
So, this is the right time to set a high target for export.” The aim of $ 400 billion looks ambitious because the government is looking to increase exports by 37% from last year’s level.
While trying to corner a larger global pie share, PM said there were four main focus areas to provide encouraging-enhancing making, removing challenges related to logistics and transportation, working with exporters and getting an international market for Indian products.
He identified the quality and reliability as the main attributes and urged business and the central government and the state to focus on them, by quoting how honey exports have received Fillip because of the improved quality, which improves quality.
During the meeting, trade and Minister of Industry Piyush Goyah said that the global environment was profitable and India had to see the leveraging of comparative and competitive advantages in connection with other countries to increase our exports.
The Minister of External Affairs S Jaishankar said while the theme was local walking global, the Indian mission needs to be “globally local” to help connect Indian producers with demand in certain countries.
Modi said, “Given the size of our economy, potential, and our manufacturing and service base, there is a large scope to increase exports.
When the country has started the Atmanirbhar Bharat line, one main focus is to increase Indian share.
In the export and global supply chain many -time.
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Increase exports to $ 400 billion this year: PM to Bizmen, Messenger
