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India needs to improve contract enforcement, upgrade infra: Experts

The private sector, experts say, can play a vital role in helping the government create an enabling ecosystem to attract investments from abroad

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L Badri Narayanan, Partner, Lakshmikumaran & Sridharan Attorneys opined that India's improved tax regime and reduced rates will be helpful in attracting overseas investments

Press Trust of India New Delhi
India needs to improve contract enforcement mechanism and upgrade infrastructure to attract companies looking to move away from China and seeking other investment destinations, feel experts.

The outbreak of Covid-19 has created unique opportunities for India, and the country should do its best to attract companies and investments as it would help in generating jobs, creating wealth and promoting 'Make in India', they said.

"With the global reliance on Chinese manufacturing bases exposed in light of the global pandemic, many countries are now looking at alternate manufacturing sites to increase their supply chains.

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First Published: May 24 2020 | 2:29 PM IST

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