PM modi promises biz-friendly india

Pushing the ambitious idea of manufacturing to boost economic growth and create jobs, he said a single window clearance for projects is being set up at both central and state levels.

Inaugurating the 7th Vibrant Gujarat Global Investors Summit 2015 at Mahatma Mandir in Gandhinagar, he said that fluctuations in the global economy are currently the biggest concern and “we need to work for sustainable and inclusive growth to minimise them.”

Speaking at the summit, with leaders from across the world, including top industrialists and US Secretary of State John Kerry, UN Secretary General Ban Ki-moon and World Bank head Jim Yong Kim, in attendance, Modi said that India is on the “path of transformation”.

Stating that the atmosphere of “despair and uncertainty” has gone away within a very short span of seven months, he said, “Since day one, my government is actively working to revive the economy. My government is committed to creating a policy environment that is predictable, transparent and fair.” Modi said that various countries were coming forward to work with us and India also wants to work with global leadership on issues ranging from poverty to ecology.

“Ease of doing business in India is a prime concern for you and for us. I assure you that we are working very seriously on these issues. We want to make them not only easier than earlier; not only easier than the rest; but we want to make them the easiest. We are trying to complete the circle of economic reforms speedily. We are also keen to see that our policies are predictable. We are clear that our tax regime should be stable. In the last few months, we have taken several decisions in this direction,” he said adding, “We are not only making commitments and announcements. We are also backing them up with concrete action.”

Modi assured investors that the government will “hold your hands whenever needed.” He said: “If you walk one step, we will walk two steps for you.”  Vibrant Gujarat Summit is a biennial global business summit, being held since 2003, when Modi was chief minister of the state, and has always seen huge investment commitments running into billions of dollars being announced by business leaders from India and abroad.