Singapore, Nov 24 : Prime Minister Narendra Modi has promised more reforms to make India more attractive for foreign investments.
He assured investors here on Tuesday that he would “carefully hold” their hands.
Modi also expressed hope that the Good & Services Tax regime would be rolled out next year.
Speaking at the India Singapore Economic Convention here, Modi said India is exploring a potential partnership with Singapore’s Changi Airport for developments of two Indian airports and invited companies here to join in building smart cities.
The Prime Minister said his government began to liberalise FDI laws soon after coming to power last year and the latest round of FDI reforms have made India the “most open economy” in the world.
The Government is also conscious of last mile operational issues in such matters and we are fine tuning the norms, he said adding, “We further eased FDI norms, after which India is the most open economy in terms of FDI.”
Modi also outlined 14 decisive steps taken to address regulatory and taxation concerns and said that India offers tremendous opportunities for investments, ranging from affordable housing to smart cities, railways to renewable energy.
