Prime Minister Narendra Modi on Monday said that his government’s action against a few corrupt entities should not be seen as government crackdown on the corporate sector.
Modi was speaking at a centenary celebration event of the Kirloskar Brothers in Delhi. He said his government had taken steps to allow the industry to create wealth fearlessly in a transparent environment where there were no obstacles. The government was attempting to rid the industry of a web of laws, the Prime Minister said, adding his government has worked honestly.
You might also be interested to read: Investment In India’s Real Estate Sector To Rise 5% To $6.5 Billion, Says Report
“Reform with Intent, Perform with Integrity, Transform with Intensity’ has been our approach in the last few years. We have tried for a governance that is professional and process-driven. In the last five years, there has been an environment in the country to work with integrity and complete transparency. This has given the country the courage to set big goals and achieve them on time,” he said.
He said that the corporate tax rate has been cut to lowest levels to propel corporate investment.
Source: Business Today
