Opportune time to invest in India: FM
- IBEF
- February 8, 2022
Union Minister for Finance, Nirmala Sitharaman invited private companies to invest in India, with the low corporate tax rates being an attractive incentive. The various compliances and regulations that a person has to adhere to while doing business have also been simplified and made easier to achieve.
Speaking at a post-budget session by PHDCCI, the Finance Minister said that the government has taken a multimodal strategy guided by the PM Gati Shakti Plan. The idea is to ensure that every form of transportation, linkages and logistics are in perfect sync with each other, and that things reach their destination on time, whether it is domestic or international transport.
In the Union Budget for FY23, the government has raised the capex for FY23 by 35.4% to Rs. 7.5 lakh crore (US$ 100 billion).
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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