New Delhi: UK Secretary of State for International Development Priti Patel, who is on a three-day visit to India, on Saturday said after passing the Goods and Services Tax (GST) bill, India has become a more attractive investment destination as doing business will be easier now.
“GST makes India more attractive when it comes to investment opportunities,” British Secretary Priti Patel told ANI.
“That is an important piece of reform, because it speaks to the agenda of ease of doing business in India, which for British companies and for Foreign Direct Investment (FDI) is incredibly important, because India has made great progress not only on GST, but also on the ease of doing business. You know (it) makes India more attractive when it comes to investment opportunities and also for business to business relationship,” she told ANI.
Responding to a question about apprehensions in the business community after the UK.’s exit from the European Union, she said the Indian businessmen are very positive about exploring new opportunities as Britain now has a new government department for international trade.
“During my visit, I spent a lot of time with the business community here in India and I could tell you, they are pretty positive and encouraged by what would follow because my prime minister, of course, has established now a new government department on international trade, which for India would mean new trading opportunity, more commerce opportunities and more business opportunities, which would be really important and good for India, good for the economy in India and in the long term good for jobs and development opportunities,” she said.
Talking about her meeting with Prime Minister Modi earlier in the day, she said, “We spoke very much about the strength of the strategic UK.-India relationship, where we are working in collaboration on skills in particular urban development and smart cities.”
No comments:
Post a Comment