Prime Minister Modi’s 'master planning' for investment and jobs
Thursday - November 21, 2019 3:42 pm ,
Category : WTN SPECIAL
Modi Government's strategy to take advantage of the trade war
Modi Government to provide land to foreign companies, employment to be increased
NOV 21 (WTN) - Nearly 90 percent of the world's economies, including India, have suffered a setback due to the global economic slowdown. But for a fast-growing economy like India, the global economic slowdown has caused a lot of damage. For your information, let us know that due to the economic slowdown, not only India's exports have been affected, but due to the recession, the GDP growth rate has also been declined, and for all these reasons, companies are incurring losses and the employment crisis has risen.
Modi Government is working on a big master plan to deal with all these problems. It is being said that if this master plan is successful, it will not only give a boost to the GDP of the country, but it will also generate a large number of jobs.
According to the information received from the media, the Modi Government is considering giving land to 324 big companies of the world to invest in India. According to the information, these manufacturing companies include the top companies in many countries. In fact, due to the ongoing trade war between the US and China, both countries are increasing tariffs on each other's goods, which are making the goods expensive. Now China's goods are getting expensive in America due to the increase in tariffs, which are reducing the exports of companies based in China. In this situation, 324 big companies are thinking about moving out of China and setting up factories and plants in other countries, and the Modi Government is going to offer land to India to start their business from India by giving land to these 324 companies in India.
In fact, due to the ongoing trade war between the US and China, it was expected that India would benefit a lot, but contrary to expectations, India only benefited by Rs 5,300 crore. At the same time, due to the trade war, it was expected that India's exports would increase by $ 11 billion, but due to the recession, India could not achieve this goal. Countries like Taiwan, Mexico, and Vietnam have the most benefit of tariff war as compared to India.
But now the Modi Government is attracting foreign companies to invest in India as part of its new economic strategy. As you know, India is consistently doing well in terms of ease of doing business. India is currently at 63rd position in this list issued by the World Bank and India's position is improving every year.
In fact, to start their business to foreign companies in India, the Modi Government is planning to create a special kind of ‘land bank’ for manufacturing companies, which will enable foreign companies to get land easily for doing business. In fact, currently, the biggest problem for any foreign company to set up a factory in India comes in the acquisition of land, because these companies have to deal with the land itself.
According to the experts, if a special land bank is prepared for foreign investors, then these companies can easily take the land from the government, which will not be a waste of time for these companies. Along with the plan to provide easy land to companies, the Modi Government is also considering giving various incentives to the investing companies.
If the Modi Government succeeds in its planning and 324 big foreign companies invest in India and set up their plants or factories in India, then this will increase employment opportunities in the country. If these companies are successful in doing business in India, then other foreign companies will also show interest in doing business in India, which will increase the GDP of the country and provide employment.
NOV 21 (WTN) - Nearly 90 percent of the world's economies, including India, have suffered a setback due to the global economic slowdown. But for a fast-growing economy like India, the global economic slowdown has caused a lot of damage. For your information, let us know that due to the economic slowdown, not only India's exports have been affected, but due to the recession, the GDP growth rate has also been declined, and for all these reasons, companies are incurring losses and the employment crisis has risen.
Modi Government is working on a big master plan to deal with all these problems. It is being said that if this master plan is successful, it will not only give a boost to the GDP of the country, but it will also generate a large number of jobs.
According to the information received from the media, the Modi Government is considering giving land to 324 big companies of the world to invest in India. According to the information, these manufacturing companies include the top companies in many countries. In fact, due to the ongoing trade war between the US and China, both countries are increasing tariffs on each other's goods, which are making the goods expensive. Now China's goods are getting expensive in America due to the increase in tariffs, which are reducing the exports of companies based in China. In this situation, 324 big companies are thinking about moving out of China and setting up factories and plants in other countries, and the Modi Government is going to offer land to India to start their business from India by giving land to these 324 companies in India.
In fact, due to the ongoing trade war between the US and China, it was expected that India would benefit a lot, but contrary to expectations, India only benefited by Rs 5,300 crore. At the same time, due to the trade war, it was expected that India's exports would increase by $ 11 billion, but due to the recession, India could not achieve this goal. Countries like Taiwan, Mexico, and Vietnam have the most benefit of tariff war as compared to India.
But now the Modi Government is attracting foreign companies to invest in India as part of its new economic strategy. As you know, India is consistently doing well in terms of ease of doing business. India is currently at 63rd position in this list issued by the World Bank and India's position is improving every year.
In fact, to start their business to foreign companies in India, the Modi Government is planning to create a special kind of ‘land bank’ for manufacturing companies, which will enable foreign companies to get land easily for doing business. In fact, currently, the biggest problem for any foreign company to set up a factory in India comes in the acquisition of land, because these companies have to deal with the land itself.
According to the experts, if a special land bank is prepared for foreign investors, then these companies can easily take the land from the government, which will not be a waste of time for these companies. Along with the plan to provide easy land to companies, the Modi Government is also considering giving various incentives to the investing companies.
If the Modi Government succeeds in its planning and 324 big foreign companies invest in India and set up their plants or factories in India, then this will increase employment opportunities in the country. If these companies are successful in doing business in India, then other foreign companies will also show interest in doing business in India, which will increase the GDP of the country and provide employment.
