Ease Of Doing Business, Not Sops Attracts Investors: PM Modi

Prime Minister Narendra Modi on Thursday spoke against sops like free power, cheap land and tax waivers for industrialists, saying they would rather have a transparent business environment with simpler rules.

Inaugurating a two-day event here to attract investment to Himachal Pradesh, Modi pitched for competition among the states on ease of doing business instead of offering “charity” through such incentives.

He said all states and districts in the country have a role in India’s effort to become a five trillion dollar economy by 2025.

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“The Industry likes transparency and a clean system. Unwanted rules and undue interference by the government somehow create hindrance in the pace of industrial growth,” he said at the Rising Himachal Global Investors’ Meet.

Source: Economic Times

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