PM Modi says it’s easier to do business in India than ever before

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On Friday, Prime Minister Narendra Modi claimed that it is now easier to do business in India than ever before after the country jumped 30 places to enter into the 100 nations worldwide. While addressing the World Food India conference, Modi said that the jump to 100th rank on this year’s World Bank Ease of Doing Business index from last year’s 130 is the biggest jump by any country this year.

PM added that India is one of the fastest growing economies in the world and implementation of Goods and Services Tax (GST) has eradicated annoying array of taxes. The 67-year-old leader invited global companies to come and invest in the food process industry in India, adding that it offers a huge opportunity. He said that there are opportunities in post-harvest management and there’s also huge potential for value addition in areas such as organic food. He also talked about his government’s aim of doubling the income of farmers in five years. The PM Modi stressed that India can give solution and provide win-win partnership combination of traditional Indian food and modern technology.

 

 

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