The Asian Age

Invit­ing in­vestors, Modi vows speedy clear­ances

-

Tokyo, Sept. 1: Woo­ing Ja­panese in­vestors with prom­ise of speedy clear­ances, Prime Min­is­ter Naren­dra Modi on Mon­day pro­posed co- opt­ing two Ja­panese nom­i­nees in a decision- mak­ing team un­der PMO ded­i­cated to fa­cil­i­tate in­vest­ments.

The Prime Min­is­ter also de­clared that leg­isla­tive changes will be brought for­ward to give ef­fect to “bold” de­ci­sions taken by his gov­ern­ment to al­low 100 per cent FDI in rail­ways and rais­ing the FDI cap in de­fence and in­surance sec­tors.

Tokyo, Sept. 1: Woo­ing Ja­panese in­vestors with prom­ise of speedy clear­ances, Prime Min­is­ter Naren­dra Modi on Mon­day pro­posed co- opt­ing two Ja­panese nom­i­nees in a decision- mak­ing team un­der PMO ded­i­cated to fa­cil­i­tate in­vest­ments.

The PM also de­clared that leg­isla­tive changes will be brought for­ward to give ef­fect to “bold” de­ci­sions taken by his gov­ern­ment to al­low 100 per cent for­eign di­rect in­vest­ment in rail­ways and rais­ing the for­eign di­rect in­vest­ment cap in de­fence and in­surance sec­tors.

Ac­com­pa­nied by a high­level business del­e­ga­tion from In­dia, he as­sured the Ja­panese busi­ness­men and in­vestors of pol­i­cy­driven de­ci­sions to elim­i­nate de­lays and in­vited in­vest­ment es­pe­cially in in­fra­struc­ture and clean en­ergy.

Ad­dress­ing top business lead­ers of Ja­pan and In­dia at lun­cheon hosted by Nip­pon Kiedan­ren, the Ja­panese cham­bers of com­merce and in­dus­try and Ja­pan- In­dia business co­op­er­a­tion com­mit­tee, he said good gov­er­nance is his pri­or­ity.

He also said sin­gle win- dow- clear­ances is a sig­nif­i­cant part of it as he re­alises the im­por­tance of eas­ing business, sim­pli­fy­ing pro­ce­dures, quick­en­ing pro­cesses and us­ing tech­nol­ogy.

“I un­der­stand well the im­por­tance of co­or­di­na­tion be­tween gov­ern­ment and in­dus­try,” he said while not­ing that he wants to repli­cate the ex­per­i­ments he made in Gu­jarat at the na­tional level.

Newspapers in English

Newspapers from India