PHD plays match-making
India’s #PHD Chamber of Commerce and Industry plans to match-make India-Singapore-Southeast Asian businesses, citing the huge investment opportunities in the world’s fastest growing economy.
PHD President #Gopal Jiwarajka has also highlighted the Indian government’s efforts on improving business environment in the country.
“Ease of doing business is a big effort by the government,” said Jiwarajka, at the India-Singapore Investment Summit held in Singapore on December 16, 2016.
“The potential of our country is not in doubt in term of investments in Infrastructure and consumer demand because of large population,” he said.
“Indications are very clear. Taxation will be stable and moderate. We are moving to much more moderate tax regime,” said Jiwarajka of the new tax regime and the implementation of the #Goods and Services Tax from next April.
He highlighted “the will of the political leadership to really make changes and let India find its potion in global economy is being realized.”
“Going forward, PHD would also like to play a role in match-making businesses between India and Singapore,” he said.
“We will be identifying partners for Singapore companies in India and Indian businesses in Singapore,” he said.
Delegates at the summit shared knowledge, project proposals and feedback from international private sector investors, many of whom remain concern about regulatory uncertainties and sought clarities on committing investment in various sectors.
The summit’s focus is on bring investments into India, and creating synergies between India and Singapore companies.
“Ultimately, it is about engagement and business has to be done between people and people. We need to create more synergies and connect with the people,” said #Dr Ranjeet Mehta, director for PHD Chamber.
“We are very happy with the response the Singapore industry has given to us. We hope to come here quite often and create business opportunities for India and Singapore companies.
“PHD will facilities likes Help Desk for Singapore companies to help them through the process of doing business in India,” he said. fii-news.com
