Take advantage of golden opportunity, invest in India: Modi tells global business community
Prime Minister Narendra Modi with American businessman and former New York Mayor Michael Bloomberg (L) at Bloomberg Global Business Forum in New York on Wednesday
NEW YORK :
PRIME Minister Narendra Modi on Wednesday invited global businesses to invest in India, saying historic reduction in corporate tax rates by his Government creates a golden opportunity and promised more measures to improve business climate. Speaking at the Bloomberg Global Business Forum here, the Prime Minister said India offers a golden opportunity for investment in the country. “If you want to invest in a market where there is scale, come to India... If you want to invest in start-ups with a huge market, come to India...If you want to invest in one of the world’s largest infrastructure ecosystem, come to India,” he told global corporates.
Earlier this month, the Government had reduced the effective corporate tax rate to 25.17 per cent from nearly 35 per cent, thus bringing India at par with major global economies on taxation front. Modi further told the gathering that India is rapidly modernising its cities, and equipping them with latest technology and citizen friendly infrastructure.
“Thus if you want to invest in urbanisation, come to India,” he said. Modi meets 42 top American business leaders in New York: PRIME Minister Narendra Modi on Wednesday met 42 top American business leaders in New York on the sidelines of UNGA session in a bid to boost commercial linkages between India and USA. It is being said that Modi is the only leader to have gathered so many CEOs of top global companies at UNGA. Union Commerce Minister Piyush Goyal also attended the meeting.