On Thursday, addressing a press conference, Prime Minister Narendra Modi asserted that GST is till date the biggest business and economic reform of India and that with steps like GST the country is moving towards a modern tax regime, that will be transparent, stable as well as predictable. This is the latest national news today.
“We have resolved a number of regulatory and policy issues facing businesses and companies. We have worked very sincerely for ease of doing business. We are positioning India as a global manufacturing hub. This is necessary for us to take advantage of youth energy. For this, we have launched Make in India,” Prime Minister Modi said, addressing the first joint meeting of Indo-Israel CEO’s forum.
PM Modi also invited the Israeli industry to take part in the “Startup India initiative”. For this, the Prime Minister launched an India-Israel StartUp Bridge with the motive of encouraging the startups from both the countries to come up and work together; find out the solutions for the challenges in many industries like agriculture, water & healthcare.
“There is a lot of potential for India-Israel partnership and I am happy that startup bridge has been formally launched today. Israel is known as a startup nation. It has a unique sense and ecosystem for innovation and incubation. Credit must go to the Israeli entrepreneurs,” the PM said.
With high hopes that both Indian and Israeli entrepreneurs would come ahead to touch new heights of innovation, the PM said. “The driving force is opportunities for the betterment of lives of people.” Both the Prime Minister asserted, “Innovation is life” while inaugurating the Innovation Bridge. The CEOs Forum has made a new target for bilateral trade this time and the two countries are targeting on the business of $5 billion to $20 billion in next five years.
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