India ready for business, a free destination for Enterprises: PM Modi at India Korea Business Summit Back to News & Events List


Eyeing at attracting investments, Prime Minister Narendra Modi in his speech at India Korea Business Summit 2018 said that the country is ready for business and is now transformed as a free destination for enterprise.
 
PM Modi made these remarks at the Second India-Korea Business Summit organized by the Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce & Industry, in partnership with ChosunILbo, KOTRA, Confederation of Indian Industry (CII) and Invest India in the national capital.
 
PM Modi further said that the country is looking forward with a new startup ecosystem in place.
 
'On the global platform, India has climbed 42 places in the World Bank's Ease of Doing Business Index in the last three years; We moved up 19 places on the Logistics Performance Index of 2016 of World Bank; We have improved 31 places in last two years in the Global Competitiveness Index of the World Economic Forum; We have also moved up twenty one places on the Global Innovation Index of WIPO in two years; We are among the top 10 FDI destinations listed by UNCTAD, PM Modi added.
 
Listing the steps taken by the government, PM Modi added that over the last two years, the country has moved towards a low tax regime on corporate side from 30 percent to 25 percent for new investments and smaller ventures.

 

Source: menafn


Recent News


01

10/2018
Brazil and India increase business contact in agriculture and food sector

The Brazilian companies are expected to reach approx $80 mn in businesses in the food and agriculture sector over the next one year. Nine out of 20 companies which are visiting...

21

09/2018
Twenty-nine food safety labs in 25 states & UTs taken up for upgrades

Under the Central sector scheme of lab upgrades, 29 state food safety laboratories in 25 states and Union Territories (UTs) have been taken up so far for upgrades, while FSSAI ...

11

09/2018
Government procures 38 mn tonnes rice so far in 2017-18; exceeds target

The Centre's rice procurement has surpassed the target at 38 million tonnes so far in the ongoing 2017-18 marketing year that will end this month, a senior food ministry of...

31

08/2018
Indian agro exporters to get subsidy on sea routes

Farmer Producer Companies (FPCs) and co-operative institutes in the state of Maharashtra will get a subsidy of ?30.000 (€365) per container if they export fruits and veget...