New Delhi: Two weeks before the budget, PM Narendra Modi made a bold tone for foreign investment, ensuring all support to investors, said India had fanned rapidly on reform and infrastructure and the financial mood was positive even as faced by other waves.
“The entrepreneurial spirit in the country can provide new energy to every global partner.
This is the best time to invest in India,” he said at the annual meeting of the World Economic Forum, which was held virtually.
He enrolled a number of steps and reform initiatives, starting from the company’s tax discount, to sort retrospective taxes, the PLI scheme and release easing, in what was seen as an indication that Finance Minister Nirmala Sitharaman would present a friendly budget investor in February 1.
February.
The government is looking for a big boost for investment in the coming months to ensure that the growth process continues and more work made in this country.
“There are times when India is recognized because the ‘license of Raj’, the government has control over many things.
We try to delete this challenge.
We try to promote the business ‘ease of doing’ and reduce government intervention,” he said, pointing to the development of technology and platforms like Cowin to handle pandemics, the contribution of the pharmaceutical industry and strive to position India as a “trusted partner” for the global supply chain.
He suggested that the free trade agreement proposed with Britain, the European Union, the UAE and Australia would help and encourage investment in semiconductors and other businesses.
He also included monetization of large assets and infrastructure investment plans that marched by the government.
“Today, India makes a policy for now and the next 25 years, it is firm.
During this period, India has set goals for high growth and saturation of welfare and health.
This era of growth will also be green, clean, sustainable, and can reliable, “Modi said.
While mentioning that India was far ahead of its target in the purpose of Paris, PM said: “While making a big commitment to global goals and traditions sticking to them, we have set zero zero targets.
With 17% global population, India may only produce a contribution of 5% for Global carbon emissions, but 100% are committed to facing global climate challenges.
“Summoning reforms of multilateral agents, he underlined the need for cooperation between countries and the global body while pointing at the Cryptocurrency as one of the fields of coordinated action.
Even when the government seeks a balance between regulating or banning personal digital currencies, Modi says that remembers the link with technology, it is not possible for one country to deal with it.