India is changing rapidly. The business environment is changing for the better : Naidu

” India, one of the fastest growing major economies in the world, with a current growth rate of 8.2%, is on course to become a 5 trillion economy by 2025. The India story, as it is unfolding today, is a promising one.India is moving fast forward to transform itself into a modern 21st century inclusive economy. Towards this end, our Government has taken a number of measures.An ambitious plan to build next-generation infrastructure including 100 Smart Cities, 10 green-field airports, 7 high-speed train corridors, 5 major ports, highways and nation-wide broadband connectivity linking our villages and urban areas is underway.Nearly 10 thousand kilometres of national highways were built during the last one year. That is an average of 27 kilometres per day. 111 rivers have been identified as National Waterways and we are modernizing our railways. New metros in the urban centres and dedicated freight corridors are being built. We have set a target to produce 175 Gigawatt of clean, renewable energy by 2022.To boost the manufacturing sector, India has embarked on the “Make in India programme”. A host of path breaking reforms have been initiated, including the transformational tax reform.The introduction of Goods and Service Tax is a major step to have seamless and efficient national market. This will make it easier for businesses to establish and grow in India.”

M. Venkaiah Naidu,  Vice President of India at the Indian Community Reception in Lilongwe, Malawi

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