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Come to India, It's a Win-Win Situation, PM Modi Tells Business Leaders in US

Making a strong pitch to attract investments into India, Prime Minister Narendra Modi on Tuesday assured top US business leaders of tax stability and a friendlier business environment in the country.
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Making a strong pitch to attract investments into India, Prime Minister Narendra Modi on Tuesday assured top US business leaders of tax stability and a friendlier business environment in the country.
Here are top 10 developments
  1. In his address to business leaders at the US-India Business Council (USIBC) in Washington, PM Modi promised a friendly environment in India. This was PM Modi's last public engagement in his five-day US visit.
  2. The US-India Business Council is the business advocacy organisation representing over 300 companies, with an aim to strengthen commercial ties between the two countries.
  3. PM Modi pledged to make India's tax system simpler.
  4. The role of the government should be that of a facilitator, PM Modi said, promising extensive use of technology for ease of doing business in India.
  5. He also promised better infrastructure and labour reforms.
  6. Mr Modi invited the business leaders to 'Come to India'. Hours before he left for the US last week, he had launched the ambitious 'Make in India' campaign, guaranteeing that manufacturing in India will be made easy and cheap.
  7. India is moving ahead with great speed, PM Modi said, citing the record investment cleared by his government in nearly four months since it came to power. PM Modi, however, acknowledged that given the very short time, it has not been possible to change a lot of things.
  8. PM Modi told the business leaders that his US trip has been very successful. On Monday, he held meetings with a battery of American corporate executives including those from Boeing, PepsiCo, Google, KKR, MasterCard and General Electric.
  9. USIBC Chairman Ajay Banga, who is also the CEO of MasterCard, said, "The best days of US-India relations are coming." He expressed confidence that India-US trade can grow five times from the current $100 billion.
  10. US Chamber of Commerce President Tom Donohue welcomed PM Modi's commitment to replace "the red tape with the red carpet" and the government's commitment to labour and tax reforms.


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