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Vibrant Gujarat: India now ready for business as never before, says PM

ANI  |  Gujarat (Gandhinagar) [India] 

is now ready for business as never before, said here on Friday as he listed a host of initiatives taken by his government for attracting investments and improving ease of doing business.

Addressing the 9th edition of Vibrant Program, highlighted that has moved up Global Ranking of World Bank's Doing Business Report by 65 places and the country is in its best form as far as business is confirmed. also informed that he has asked his team to work harder so that is in the top 50 next year.

"Major financial institutions like the and IMF have expressed confidence in India's economic journey. We are focused on removing the barriers which were preventing us from achieving our full potential," he added.

Further elucidating on financial development in the country, he said, "Those who visit India regularly would have felt a change in the air. The change is both in terms of direction and intensity. Over the last four years, the focus of my government has been to reduce government and enhance governance."

"We have also made Doing Business cheaper. The historic implementation of GST and other measures of simplification of taxes have reduced transaction costs and made processes efficient," he added, highlighting the benefit from the implementation of the GST.

Vibrant Summit was conceptualised in 2003 by the Prime Minister, who was then the of Gujarat, with an aim to re-establish as a preferred investment destination within India.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, January 18 2019. 14:35 IST