Govt Promoting Ease of Doing Business, Ease of Living: Piyush Goyal
Goyal also said that the government is looking to reform processes to improve the business environment of the country
New Delhi: Commerce and industry minister Piyush Goyal on Monday said the ministry is working on the next 100-day agenda of transformation to further push the country's economic growth. “The government is taking steps to promote ease of doing business and ease of living,” he said in an event here.
“Earlier today, I had a meeting where we were discussing the next 100 days agenda of transformation, and we have collectively resolved that the next 100 days we are going to follow the clarion call given by Prime Minister Narendra Modi on 15th August, the clarion call to take India forward on a fast track pathway, implement our vision to make India a developed nation by 2047,” he said.
Goyal also said that the government is looking to reform processes to improve the business environment of the country. “We are looking to make life of our citizens better through ease of living, where we are all focused on ease of doing business by removing regulatory overburden, reducing compliances, supporting industry to fearlessly invest and grow and we are making win-win alliances with different parts of the world,” he said.
India has concluded robust, balanced, fair and equitable free trade agreements with the United Arab Emirates, Australia, Mauritius, four-nation bloc EFTA and the UK. An official also said that the ministry is looking at proposals such as liberalising foreign direct investment norms, easing investments from neighbouring countries, more tax benefits for startups, easing certain environmental norms for the leather and footwear industry, liberalised rules to promote exports through e-commerce hubs, and integrating lab testing and certification requirements for various sectors.
Prime Minister Narendra Modi last Friday announced formation of a task force for ‘next-generation reforms” and revision of GST laws, as he devoted a major part of his 103-minute Independence Day speech on making India self-reliant in a host of sectors ranging from semiconductors to fertilisers.