Ankara : Finance Minister Arun Jaitley spoke about the Indian investment scenario and stressed on ease of doing business in current Indian B2B environment.
Jaitley held an interactive session with Turkish leaders on the sidelines of G20 meeting of Finance Ministers and Central Bank Governors.
Promising a national tax regime and ease of doing business, Jaitley said that Indian government has made significant progress in this context and is steadfastly moving forward in easing paperwork for business deals.
Promising to deliver in the nationalization of Indian tax regimes, both in terms of direct and indirect taxes, Jaitley said that many initiatives have been taken up and enormous opportunities of business for global investors including Turkey have been designed and announced by Indian government. He added that India has huge natural resources and keeping this in mind government has expedited the clearances and many more are being liberalised.
Jaitley added that India has benefitted immensely due to decline in global oil prices and a part of this benefit has already been passed on to the consumers.this has helped in lowering inflation and has paved way for greater investment in infrastructure space. Still the infrastructure sector is wanting in investments and foreign investors can play a significant role he added