Commerce and Industry Minister Piyush Goyal on Monday said the country is well poised to attract investments that wish to move out of China.
Speaking at the India Economic Conclave 2019, he said the tax reforms introduced by the government recently will ensure investments come back to India.
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“I think India is well poised to attract investments that wish to move out of China. We had a dialogue with a large number of companies. The income tax changes, which were approved by Parliament last week, are an important element in our plan to attract investments to and not let them go to any Southeast Asian countries which earlier offered attractive tax regime,” he said.
Goyal further said the government is also looking at pooling together land which state and central governments have got to offer to investors for setting up their businesses in India.
Source: Business Standard
