Vice President Hamid Ansari today invited Polish businesses and industry to invest in India which offers a favourable environment and liberalised investment climate.<br/><br/>Addressing a business summit at the Ministry of Economic Development in Warsaw, he said the constant reforms in fiscal and investment facilitation policies are transforming the economic scenario in India.<br/>'<br/>Ansari said that a landmark Goods and Services Tax (GST) reform, for instance, is aimed at making India a unified market, with all 29 states offering an identical and predictable tax environment. '<br/>'<br/><br/>Ansari said Poland is India's largest economic partner in Central Europe with bilateral trade growing to 2.8 billion US dollars in 2016.'<br/>'<br/><br/>Ansari said'new initiatives such as 'Make in India', 'Skill India' and 'Digital India' present new business opportunities for Polish companies in areas such as defence, food processing, coal and mining, healthcare, pharmaceuticals, bio-technology and renewable energy.<br/>'<br/><br/>Ansari said with a growth rate of over 7 per cent despite the general global downturn, India today is not just the fastest growing major economy in the world, but also one of the most open and welcoming destinations for investments and technologies.<br/>A vibrant democracy of 1.3 billion people with a young and skilled workforce, India offers an aspirational middle class market of over 400 million people, he said.'<br/>'<br/>Ansari said Poland's transformation over the last two decades has been remarkable and the growth of its economy impressive. <br/>'<br/>Stressing that the education sector can become an important area of cooperation for both the countries, he said that India's young population is eager to seek educational opportunities that Poland offers.'<br/>''''<br/>
News On AIR | April 28, 2017 2:29 AM
Vice President Ansari invites Polish businesses to invest in India