Wednesday 24 August 2016
facebook.com/Outlookindia twitter.com/outlookindia digimag.outlookindia.com instagram.com/outlookindia youtube.com/user/OutlookMagazine

'There is No Red Tape, But Red Carpet for Investors in India'

Ajay Kaul/Tokyo
AP Photo/Eugene Hoshiko

Making a strong pitch for bringing Japanese investments into India, Prime Minister Narendra Modi today said there is no "red tape" but only "red carpet" for investors as the government has eased a lot of regulations.

Asserting that his government is working on development and increasing manufacturing activities, Modi said there cannot be a better place to make investments than India.

"I have come to assure you that there is no Red Tape but Red Carpet in India. We have eased off lot of regulations," Modi said.

Calling for a new history between the two countries on the economic front, the Prime Minister said India is the only place where one can find "democracy, demography and demand".

Modi, who was addressing Japanese investors at a seminar organised by the Japan External Trade Organisation (Jetro) and Nikkei here, also said that India guarantees democracy, safety, security and justice.

He told Japanese investors that India is a "god gifted location" for reaching out to global markets.

Referring to his government's 100 days in power, Modi said it has achieved what could not be achieved in the last two-and-a-half years.

The country's GDP grew 5.7 per cent in the April-June quarter, the highest in more than two years.

Modi said his government is ready to offer whatever is required to promote foreign investment into India.

"Without Japan, India is incomplete and without India, Japan is incomplete", he said.

According to him, the coming together of Japan's hardware skills and India's software expertise can create miracle.

READ MORE IN:
PEOPLE: Narendra Modi
PLACES: Japan
SECTION: International
OUTLOOK 02 September, 2014
© Copyright PTI. All rights reserved. Republication or redistribution of any PTI content, including by framing or similar means, is expressly prohibited without their prior written consent.
Download the Outlook ​Magazines App. Six magazines, wherever you go! Play Store and App Store

Post a Comment

You are not logged in, please Log in or Register
  • Daily Mail
THE LATEST ISSUE
CLICK IMAGE FOR CONTENTS
OUTLOOK ON TWITTER
POLLS

Finally, political parties came together to pass the Goods and Services Tax in the Rajya Sabha. The much-vaunted tax reform is said to have turned India into one common market. It is said that the GST will replace more than 15 state and federal taxes. So will GST lead to #AchcheDin?

POLL STARTED ON: Aug 04, 2016
Quiz
Brazil’s Rio de Janeiro is hosting the 31st Olympic Games from August 5 to 21. This is the first Olympics being held in South America and is going on even as a majority Brazilians are unhappy with their rulers. Here’s a quiz on some random Olympic facts and related trivia.
QUIZ STARTED ON: Aug 11, 2016
Advertisement