Wishesh magazine january 2018 Wishesh magazine january 2018 | Page 88

IN BUSINESS
88
Over 1500 delegates
from over 150
countries attended
the Summit
that was held in
South Asia for the
first time with a
focus on women
entrepreneurs at
the Hyderabad
International
Convention Centre
(HICC) in Hitec
City.
Make in India, Invest in
India, for India and and for
the world,” he said at the
Global Entrepreneurship
Summit (GES) in Hyderabad
on Tuesday, citing such
initiatives as the goods
and services tax (GST),
demonetization and the
Insolvency and Bankruptcy
Code (IBC). “I invite each one
WWW.WISHESH.COM | JANUARY 2018
of you to become a partner
in India’s growth story. And
once again assure you of our
wholehearted support.”
US President Donald
Trump’s daughter, leading
her country’s delegation paid
tribute to Modi for efforts
“to build India as a thriving
economy — a beacon of
democracy — and a symbol of
hope to the world”.
He (PM Modi) had proved
that transformational change
was possible through his
own example — from selling
tea as a child to becoming
PM — and was now “bringing
that promise to hundreds of
millions of people across your
country”, she said.
Modi said he was not satisfied
with the 100th rank that India
secured in the World Bank’s
ease of doing business list
thanks to the various reforms
undertaken in the past three
years. India needed to work
toward breaking into the top
50, he said.
Having doubled the
renewable energy capacity
under the clean energy
programme in just three years
to about 60,000 mw, India is
now working on developing
a national gas grid, he said.
“A comprehensive national
energy policy is also in the
pipeline”
The government has
scrapped more than 1,200
redundant laws, eased 87
rules for FDI in 21 sectors and
taken several government
processes online to help
companies meet regulatory
requirements, improving the
business environment and
providing support to startups.
“The jump in India’s ranking
in the World Bank’s Ease of
Doing Business Report in
three years, is a result of this,”
said Modi.
India has improved on
indicators like dealing
with construction permits,
getting credit, protecting
minority investors, paying