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'Wide array of opportunities opened up in China post Modi's visit'
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SME Times News Bureau | 21 May, 2015
Industry body Confederation of
Indian Industries (CII) on Wednesday said the recent visit of Prime
Minister Narendra Modi to China has opened up an extensive range of
opportunities for Indian businessmen.
"What I find heartening is
that both the governments (in India and China) have demonstrated their
commitment to take bilateral economic relationship to a new level. A
wide array of opportunities has opened up for Indian businesses in
China," CII president Sumit Mazumder said at a press meet here.
Welcoming
the initiatives taken by Modi during his visit to India's neighbour,
the CII also noted that the "path-breaking reforms" carried out in six
key areas - economic and fiscal management, ease of doing business,
transparency and predictability of the tax system, allocation of
resources, openness to foreign investments and foreign trade - have
generated "positive sentiments".
Mazumder noted that since coming
into power in May 2014, the Modi government has adopted several
measures to reinvigorate investor interest and there are visible results
on the ground.
He said that focus on Make in India, skill
development, agricultural investment and infrastructure can be part of a
definitive strategy for reaching double-digit GDP growth.
The association has predicted the national economy to grow 9-10 percent in the medium-term.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
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87.50
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84.65 |
Euro
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78.25
|
75.65 |
| Japanese
Yen |
58.85 |
56.85 |
| As on 13 Aug, 2022 |
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| Daily Poll |
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| PM Modi's recent US visit to redefine India-US bilateral relations |
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