Int’l trade fair bridges many coun­tries: Prez

The Times of India (New Delhi edition) - - TIMES CITY -

New Delhi: In­au­gu­rat­ing the 37th In­dia In­ter­na­tional Trade Fair on Tues­day, Pres­i­dent Ram Nath Kovind called it a great ini­tia­tive and thanked the part­ner­ing coun­tries. He high­lighted how the fair has been a bridge be­tween sev­eral im­por­tant coun­tries.

Point­ing out the in­tro­duc­tion of Goods and Ser­vices Tax (GST) as a mile­stone, Kovind said that the new regime has re­duced bar­ri­ers be­tween states. “The world has ac­knowl­edged the changed busi­ness en­vi­ron­ment in In­dia and the strides made in con- duct­ing busi­ness. The in­tro­duc­tion of GST is a mile­stone, cre­at­ing a more for­mal econ­omy. It has pro­vided a boost to the cre­ation of a com­mon mar­ket and a more for­mal econ­omy as well as a stronger man­u­fac­tur­ing sec­tor,” said Kovind.

He fur­ther said that ini­tia­tives like Make in In­dia, Dig­i­tal In­dia, Start Up In­dia, Skill In­dia and Smart Ci­ties will help in mak­ing eco­nomic re­forms more mean­ing­ful.

Union min­is­ter Suresh Prabhu while ad­dress­ing the gath­er­ing said that it is im­por­tant to build eco­nomic ties with coun­tries and grow along with them.

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