New Delhi sources have stated that Prime Minister Narendra Modi asserted that it is now easier to do business in India than ever before after the country leaped 30 places to break into top 100 nations worldwide. Meanwhile Modi said while addressing the World Food India conference that the jump to 100th rank on this year's World Bank Ease of Doing Business index, from last year's 130, is the biggest by any country this year.
Modi said India is one of fastest growing economies in the world and implementation of the Goods and Services Tax (GST) from July 1 has eliminated multiplicity of taxes. Further the Prime Minister invited global companies to come and invest in the food process industry in India, saying it offers immense opportunity. Meanwhile he made a point that more investment is required in contract farming, raw material sourcing and creating agricultural linkages.
Modi added that there are opportunities in post-harvest management, and
also adding that there is immense potential for value addition in areas such as
organic food. Moreover he also spoke of the government targeting doubling of
farmers' income in five years. India can provide solution and offer win-win
partnership combination of traditional Indian food and modern technology.
