Sunday, 14 August 2016

GST MAKES NEW REVOLUTION IN INDIA :U.K.SECRETARY

GST bill makes new revolution in India said by U.k.secretary in new Delhi. U.K. Secretary of State for International Development Priti Patel,  visit to India, on Saturday he  said about   passing the Goods and Services Tax (GST) bill, India has become a more attractive investmentdestination as doing business will beeasier now.“and futher said That is an important piece of reform,because it speaks to the agenda of ease of doing business in India, which for British companies and for  FDI is incredibly important, because India has made great progress  only on GST, but also on the ease of doing business. You know  makes India more attractive when it comes to investment opportunities and also for business to business relationship,” said.

Talking about the United Kingdom’s role in assisting with the development of smart cities in India, she said, “The British Government has already given its indication of smart city development in Pune, Indore and Amravati as well. I met the minister yesterday(Friday)  for urban development and we discussed the assistance of my department and mygovernment on technical support around the whole process of smart cities.

She added that today (on Sunday) she will  meet Chief Minister Shivraj Singh Chouhanto further discuss about the work that can be done on urbanisation andurban development.

  During my visit, I spent a lot of time with the business community here in India and I could tell you, they are pretty positive and encouraged by what would follow because my primeminister, of course, has established now a new government department on international trade, which for Indiawould mean new trading opportunity,more commerce opportunities and more business opportunities, which would be really important and good for India, good for the economy in India and in the long term good for jobs and development opportunities,” she said

Talking about her during the meeting with Prime Minister Modi, Patel briefed him on the activities and future plans of the Department for International Development in India. She also discussed bilateral cooperation in the areas of skill development, infrastructure financing, innovation, energy, and ease of doing business.

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