‘Make in India’ Has Become India’s Biggest Brand: Narendra Modi
Starting the ‘Make in India’ week, PM Modi said, “India has become the fastest growing large economy in the world.
A meeting to mark the government’s Make in India initiative was held in Mumbai on Saturday.
Promising a stable and predictable tax regime, Modi said that this was the best time to invest in India as the government carries reforms including setting up a company law tribunal and an effective Intellectual Property Rights (IPR) regime.
Detailing the initiatives of the government to boost manufacturing, he said steps have been taken to simplify processes and rationalise provisions regarding licences, security and environment clearances.
He further said that results of the initiatives were manifesting themselves as India has become the fastest growing economy in the world. The growth in India could be well above 7 percent, he said, adding leading institutions like the IMF, World Bank, ADB and OECD have projected a better growth in coming years.
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