India as an attractive investment proposition is still a work-in-progress, Gopalan, Indo-German Chamber of Commerce
By Sheela Mamidenna The Indo-German relationship dates to several millennia. Economists have used the phrase, longue duree to describe the ties between the two. In FY2017, the Indo-German bilateral trade was over $18.79 billion. In fact, Germany is India 7th largest exports destination and India is Germany’s 24th largest exports market. Concurringly, in May 2017, Prime Minister Modi during his speech at the Indo-German Business Summit in Berlin said, “There is tremendous potential in India-Germany economic collaboration. Our economic partnership is still below its full potential. To enhance this, we, in India, are ready with open arms to welcome German companies. With a view to helping the German companies, we have put in place a fast-track mechanism. Several issues have already been ...
Hope to roll out GST next year: PM
Source: PTI Prime Minister Narendra Modi and the German Chancellor Angela Merkel with other members at the Indo-German Summit 2015, organised by the NASSCOM & Frauenhofer Institute, in Bengaluru on Monday. Prime Minister Narendra Modi on Tuesday expressed the hope that Goods and Services Tax (GST) will be rolled out next year. Addressing Indian and German business leaders in Bengaluru, Modi said, “We have introduced GST bill in Parliament and hope to roll it out in 2016.” The Bill has already been approved by the Lok Sabha and is pending in the Rajya Sabha, where the ruling NDA does not have a majority. After its approval by Parliament, half of the state legislatures too need to approve the Constitutional Amendment ...
