Prime Minister of India, Narendra Modi
In his speech at TV9’s News9 World Summit, the country’s Prime Minister Narendra Modi said that the ground has been prepared for developed India. For this, India has abolished many laws. The tax system has been considerably simplified. India has prepared itself as a manufacturing hub. He said India has given production linkage incentives to all companies in the world to manufacture in India. Prime Minister Modi said that Germany will be a very important partner in this development path of India. Let us also tell you what the Prime Minister of the country, Narendra Modi, said while addressing this programme…
More than 30 thousand laws were abolished
Narendra Modi said at the News9 Global Summit that the Indian government has abolished more than 30 thousand laws to provide facilities to foreign companies. He said the government has implemented the GST system. In addition, many of the country’s tax systems have been simplified. Greater ease of doing business for entrepreneurs. India has strengthened its banks. So that capital can be available in time for the development of the country. India has prepared a foundation from which a great edifice of developed India can be built. Germany will be an important partner of India in this regard, he said.
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Addressing the News9 World Summit. @Noticias9Tweets
– Narendra Modi (@narendramodi) November 22, 2024
India on its way to becoming the world’s largest manufacturer
India is all set to become the world’s largest manufacturing hub today. Today, India offers incentives for manufacturing linkages to manufacturing companies. What is special is that there has been a big change in the manufacturing landscape of India. Today, India is one of the leading countries in the world in manufacturing mobile and electronic devices. Currently, India is the largest two-wheeler manufacturer in the world. It is the second largest steel manufacturer in the world. It is the fourth largest four-wheeled vehicle in the world.
Invest in digital and physical infrastructure
The Prime Minister said rapid investments in physical, social and digital infrastructure are being made 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 thanks to these efforts, India today has become an attractive destination for investors. Prime Minister Modi invited German companies to invest in India. He said, “I invite German companies that have not yet come to India to come to India.” He also emphasized the stability of India’s policies and business environment.
