GST biggest economic reform\, make India ideal destination for investment : Nirmala

GST biggest economic reform, make India ideal destination for investment : Nirmala

Chennai, Defence Minister Nirmala Sitharaman on Wednesday said systematic reforms have been taken up courageously by the Centre under the leadership of Prime Minister Narendra Modi and one such measure was the GST, which was the India’s biggest economic reform.

Inaugurating the second edition of the TN Global Investors Meet (GIM) 2019 here, she said these reforms had made India an ideal destination for those who want to invest.

While talking about the present industry scenario in the country, she said India was seen as bright spark all over the world for ease of doing business. She also made a note on recent IMF report which says that India’s growth will sustain.

Appreciating the Tamil Nadu government for bringing a policy on Aerospace industry, Ms Nirmala invited the global trade community to invest in these sectors and promised full support from the Centre.

She said Tamil Nadu has shown interest in industrial growth for centuries. ‘For example, Cholas had taken the Tamil Nadu culture all over the world through industrial ties and Poompuhar was one of the popular port of that time’, she added.

‘We have lot of trade associations today like CII, Assocham. But Tamil Nadu was known for having trade associations even in Chola period and there are some inscriptions regarding this in various countries like Thailand, Cambodia and so on’, Ms Nirmala added.

She pointed out that Tamil poet Subramania Bharathi had insisted on making business globally in his writings.

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