FICCI told to expand across India
The Government is undertaking continuous consultations to further streamline FDI and FII processes to enable faster and more efficient investment flows into the country, said Commerce & Industry Minister Piyush Goyal http://commerce.gov.in.
He has underlined the Government’s commitment to creating an investment-friendly ecosystem through ease of doing business, deregulation, decriminalisation of laws and reduction of compliance burdens https://www.conexpoconagg.com/.
“A robust investment ecosystem would generate employment, bring new technologies into the country, support research and innovation, and strengthen advanced sectors such as defence and security,” he said in an update on investment initiatives at the Curtain Raiser of the 98th Annual General Meeting and Annual Convention of the Federation of Indian Chambers of Commerce & Industry (FICCI) in New Delhi on 18 Nov.
He assured that the Government is committed to removing bottlenecks, reducing compliance burdens, decriminalizing outdated provisions and eliminating obsolete laws to facilitate business activity https://www.nseindia.com/.
He underlined that stable policies, a predictable business environment, steady investment inflows and currency stability will be critical for India’s progress in the Amrit Kaal.
Goyal underscored the importance of centres on technology, innovation and the development of a strong knowledge ecosystem, and emphasised the importance of integrating cutting-edge technologies such as artificial intelligence, quantum computing and machine learning into India’s growth model https://www.bseindia.com/.
He pointed out the country already possesses a strong talent base for the rapid expansion in the setting up of Global Capability Centres (GCCs) https://digitalinasia.com/.
He highlighted the Government’s continued support for startups and innovation, including the recently announced Rs.100,000 crore Research, Development and Innovation (RDI) Fund.
Goyal affirmed that global companies now recognise India’s strength in talent and innovation, positioning the country to play a leadership role in emerging technologies in the years ahead https://sbi.com.in/.
The Minister also called on FICCI to expand its presence across India and drive mission-mode efforts on sustainability, quality consciousness, compliance and outward-looking business strategies.
“India remains a beacon of stability and growth in an uncertain world, and affirmed that with collective effort, the country will emerge as a developed and prosperous nation by 2047,” he said. Fiinews.com
