PM Narendra Modi addressing the Indo-German Business Summit during Hannover fair in Germany.
Prime Minister Narendra Modi addresses the Indo-German Business Summit during Hannover fair in Germany.
Here are the highlights:
- Participation at Hannover Messe will be beneficial for both sides. Do visit our pavilions.
- You will be able to see for yourself the winds of change in India.
- We are modernising our railways, planning metro rail in 50 cities and high-speed railway corridors.
- Want to promote manufacturing in a big way particularly to create jobs for our youth.
- For this purpose, we have launched a campaign 'Make in India'.
- We have committed ourselves for creating and improving the business environment.
- The purpose of my being here and participating in the Hannover fair is to highlight that there is more potential in Indo-German economic cooperation.
- I am here to assure the German companies that India is now a changed country. Our regulatory regime is much more transparent, responsive and stable.
- We have removed a lot of the regressive taxation regimes.
- In our very first Budget, we said we will not resort to retrospective taxation.
- We believe FDI is important which is why we have removed regressive taxation regimes.
We have fast tracked approvals in industry and infrastructure. Our growth rate is about 7%.
It is the effort of my Government to encourage innovation, R & D and entrepreneurship in the country.
I take this opportunity for inviting more and more German companies to India. Assure all support from my side.
Let us work together in mutual interest... please don't go by old perceptions.