While addressing TV9’s News9 Global Summit, the country’s Prime Minister Narendra Modi said that the ground for developed India has been prepared. For this, India has abolished many laws. The tax system has been simplified considerably. India has prepared itself as a manufacturing hub. He said that India has given production link incentive to all the companies of the world to do manufacturing in India. PM Modi said that Germany will be a very important partner in this journey of India’s development. Let us also tell you what the country’s Prime Minister Narendra Modi said while addressing this program…
More than 30 thousand laws were abolished
Narendra Modi said in the News9 Global Summit that the Indian government has abolished more than 30 thousand laws to provide ease to foreign companies. He said that the government brought the system of GST. Besides, many complicated tax systems in the country have been simplified. Improved ease of doing business for businessmen. India strengthened its banks. So that capital can be available in time for the development of the country. India has prepared such a foundation. So that a grand building of developed India can be built. And Germany will be an important partner of India in this.
Addressing the News9 Global Summit. @News9Tweetshttps://t.co/bOCjBBMFPc
— Narendra Modi (@narendramodi) November 22, 2024
India on its way to becoming the world’s largest manufacturer
India is ready to become the world’s biggest manufacturing hub today. India today gives production link incentives to production companies. The special thing is that there has been a huge change in the manufacturing landscape of India. Today India is one of the leading countries in the world in mobile and electronics manufacturing. At present, India is the world’s largest two-wheeler manufacturer. It is the second largest steel maker in the world. It is the fourth largest four wheeler in the world.
Investing in digital and physical infrastructure
The Prime Minister said that rapid investment is being made in physical, social and digital infrastructure in India. Highlighting India’s achievements in digital public infrastructure, he said, “Today India is the country with the most unique digital public infrastructure in the world.” He said that due to these efforts India has today become an attractive destination for investors. Prime Minister Modi invited German companies to invest in India. He said, “I invite the German companies which have not yet come to India to come to India.” He also emphasized on the stability of India’s policies and business environment.
