• Download mobile app
05 Nov 2024, Edition - 3402, Tuesday

Trending Now

  • If we join electoral alliances we will lose our individuality; Alliance in elections tantamounts to suicide – NTK leader Seeman
  • PDK President Krishnaswamy has welcomed the announcement of TVK leader Vijay that the coalition parties will be given a fair share in the governing power.
  • Last IPL season, even though I played as tail ender, the team was happy; I want to enjoy cricket for the next few years – MS Dhoni
  • I doubt if Adi Dravida Welfare Department is functioning in the DMK regime. – Opposition leader Edappadi Palaniswami
  • Adani Group Chairman Gautham Adani tops Indians with wealth gain in 2024; Gautam Adani’s net worth has increased to 9 lakh 75 thousand crore rupees, according to Forbes.
  • “I have failed many times in my cricket career; Gambhir and Surya Kumar Yadav believed in me and gave me a chance” – Sanju Samson

Post

Vedanta Chairman says India Emerging Preferred Destination for FDI

Covai Post Network

Share

Vedanta Chairman Anil Agarwal has said that India is emerging as a preferred destination for foreign direct investment on the global platform. Reiterating his commitment to India, Mr. Agarwal stated that the business environment in India has improved and Ease of Doing Business makes India a conducive destination for investment.

 

Mr. Anil Agarwal, Chairman, Vedanta Resources Limited

17 years ago, I faced challenges (in India) while listing the company (in London). Today, the business environment has improved. Ease of Doing Business in India is conducive, has helped industries to invest and is making India a preferred destination for FDI,” he said in a tweet.

 

India’s ranking in Ease of Doing Business Index has dramatically improved in the last five years. The world’s largest democracy currently ranks 63rd on World Bank’s Ease of Doing Business Index and it has improved its rank by 79 positions in last five years. FDI flows into India rose 28% in the first quarter of 2019-20 to $16.3 billion from $12.7 billion in the year-ago period. In FY19, India attracted FDI of $44.4 billion.

 

In a freewheeling chat at India’s leading industrial body, FICCI’S 92nd Annual General Meeting, Mr. Agarwal had stated business atmosphere in India has improved a lot as compared to the earlier times. The way we used to work has changed, tax rates have been reduced, and government has ensured that the interference is minimised, he added.

 

The private sector should be given opportunities to create large scale employment. Today, the business fraternity is witnessing that whenever the government has entrusted us, we have delivered,” he had said.

 

He also said that this was the best time to take risk and invest in India. “I have never seen our Prime Minister speaking with so much focus on business. The government has urged us to invest and build the infrastructure, they will provide every possible help for business to prosper. This is the best time to take risk and invest,” he had said.

 
Source: Newsvior

Subscribe To Our Newsletter

COIMBATORE WEATHER