Former Tata Group Chairman Ratan Tata Thursday hoped Prime Minister Narendra Modi succeeds in bringing investment to India as the nation needs a refreshment of new manufacturing companies which would be a real shot in the arm in terms of supply-chain and research.
India has finally taken on the mantle of the world`s fastest growing big economy; its equities and bonds are favourites with emerging market investors who are betting that growth will accelerate further.
PM Modi said government had taken a number of steps to remove long pending concerns of investors, including expediting regulatory clearances, increasing the validity period of Industrial Licences across the board and delicencing a number of defence items.
Eight captains of American industry with links to the financial sector on Thursday said they had a very good and positive roundtable meeting with visiting Indian Prime Minister Narendra Modi at the Waldorf Astoria Hotel here.
Prime Minister Narendra Modi on Monday made a strong pitch for UAE investments in India, saying India has the potential of $1 trillion investments even as he vowed to address the concerns of businesspersons.
While pegging India's true growth potential at near 10 percent, Moody's also warned that "GDP growth is not likely to rise above 7.5 percent if the government continues to over-promise and not deliver".
Amid the likelihood of a stormy Parliament session, Finance Minister Arun Jaitley on Sunday made a strong case for passage of GST and land acquisition bills saying they were necessary to create jobs and remove poverty.
"As Singapore companies internationalise to build scale, access new markets and customers, India can be the new location for manufacturing for Singapore companies," said Singh at the opening of the "Make In India" Global Business Summit 2015.
Land acquisition is a "major impediment" for businesses to invest in India, Chinese Ambassador to India Le Yucheng said on Wednesday while expressing hope that the government will get the Land Acquisition Bill passed to attract investment.
Amid its keenness to attract the maximum foreign investment, the government has sent out a signal to international business community by amending the Arbitration Act to make it mandatory for a judge presiding over commercial disputes to settle cases within nine months.
Prime Minister Narendra Modi will arrive in the United States on Friday aiming to woo corporate titans and crown a burst of investment-focused diplomacy, while marking a personal victory for a man who was for years unwelcome in the country.
India`s new prime minister has promised to make it easier to do business through speedier clearances and stable tax policies, allowing investors in Asia`s third-largest economy hope of a rosier future after years of low growth and high inflation.