In an attempt to lure investors from Germany and the rest of the world at the inauguration of Hannover Messe Fair, the world`s biggest industrial fair, Prime Minister Narendra Modi assured of a welcoming business environment in India with a ‘predictable, stable and competitive’ tax regime. PM also asserted that this government would do all that it requires to remove unnecessary regulations, simplify procedures for ease of conducting business in the country and enabling foreign companies to participate in the ‘Make in India’ programme. Further, he also highlighted that his country had did its bit to simplify procedures by turning goods and service tax which is a long needed revolution, a ground reality. He also highlighted the country’s incremental use of digital technology to accumulate multiple approvals and endless waits. PM also highlighted that “Make in India” was not just a brand or simply a slogan and that his ministry had really moved with speed and boldness to fulfill its pledge of creating a stable economic environment railway, which is the thread that binds India and now a fast track for country’s transformation.
