Investors and CEOs of major companies have demanded faster clearances for projects in India and a uniform tax rate. In an interaction with Commerce and Industry Minister Anand Sharma at Davos, they asked for rationalisation and uniformity of the taxes throughout the country, besides improving mechanism in states for cutting down the time for approvals of projects. Mr Sharma assured them that within the defined Foreign Direct Investment policy; the government will not only ensure speedy clearances but also facilitate them.He also apprised the CEOs with India's ambitious tax reforms through the Goods and Services Tax that will replace most of the taxes at the Central and the state level. Mr Sharma said India's FDI policy regime assures investors of security of investment, intellectual property rights, data protection and exclusivity. He said, after establishing itself as a services hub for the world, India will work towards becoming a global sourcing centre for manufacturing. The Minister said, India and China are being clubbed as the two important emerging economies witnessing the shift of the economic balance of power.