CHINA afraid of INDIA as Foreign Investment going to Indian Cities . India becoming more attractive to foreign firms: Chinese daily . India is the next Economic Power House . Foreign Investment in India . Foreign companies and investment in India . Modi make in India brings Foreign investment . Foxconn to invest in India . Apple to invest in India . foreign investment in India Chinese daily says . FDI to be used for investors in India .
BEIJING India is becoming more attractive to foreign firms but its path of reforms, including the implementation of the GST, will not be easy, an article in a state-run Chinese daily said today.
"As low-cost manufacturing is gradually moving away from China, it is now critical for India and even the world whether it can replace China as the next 'world's factory', an article in the Global Times said. fdi to in use of many companies for easy Investment . direct foreign investment coming to India this year . Even the fii is looking in to India this year . FII
The Indian government has rolled out "aggressive reforms" aimed at unifying the country's market, which is very attractive in the eyes of international investors, even though there are huge challenges such as poor infrastructure and difficulties in policy implementation across different states, the article opined.
Referring to the commitment by Foxconn and Midea to invest in India, it said these investments are coming close on the heels of India's decision to implement the Goods and Services Tax (GST), the country's biggest tax reform since its independence in 1947.
"The new tax regime is expected to give a boost to the 'Make in India' initiative because it is aimed at unifying various state and central taxes into a single tax system, thus laying the foundation for a common national market and improving India's manufacturing competitiveness," the article said.
"In fact, since Prime Minister Narendra Modi launched the 'Make in India' initiative in September, 2014, the Indian government has been making aggressive efforts in unifying the country as a whole, with the aim of building it into an attractive manufacturing destination for global businesses," it said.
The article, however, cautioned that it will not be easy for India to achieve its goal.
Thanks for watching.
Subscribe to our channel.
Thanks for watching.
This is World Conspiracy Daily
If you have any points comment below.
Production: Hades Pictures
Music By : Kevin MacLeod
Crossing the Chasm Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 3.0 License