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    Saturday 20 July 2019
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    'Make in India' campaign making an impact on foreign investment

    The launch of the ‘Make in India’ campaign by India’s Prime Minister, Narendra Modi, is a welcome move aimed at making India a more attractive investment destination, according to experts from Nexia International, a top 10 network of independent accounting, tax and consulting firms.
     
    The programme is designed to facilitate inward investments and build the country's manufacturing infrastructure. It includes plans to make doing business in India easier, more efficient and transparent.
     
    Manufacturing currently accounts for only 15% of India’s gross domestic product (GDP) and the Government wants to raise that to 25% by 2022. The Modi administration is committed to transforming India into a global manufacturing hub, while ensuring that manufactured goods have ‘zero defect’ and ‘zero effect’ on the environment. With ‘Make in India’, the Government aims to eliminate unnecessary regulations, shorten bureaucratic processes, upgrade infrastructure and open up new sectors to foreign direct investment (FDI).
     
    Manoj Gidwani, of SKP, a member firm of Nexia International comments: “India is laying out the red carpet to encourage foreign investors. There has already been a visible impact with a shift in domestic as well as foreign investor sentiment.”
     
    The Government has identified 25 sectors in which it wants India to become a world leader and has listed investment opportunities on a new web portal, www.makeinindia.com. Invest India, the Government’s official agency, is acting as the first point of reference for investors and a dedicated investor facilitation cell answers queries within 72 hours.
     
    For more information, please contact:
    Manoj Gidwani
    SKP, India
    T +91 22 6730 9000
    E manoj.gidwani@skpgroup.com 
     
    PR enquiries:
    Steve Smith
    Thirdperson Words
    T +44 7980 584049
    E stevesmith@thirdpersonwords.co.uk
     
    Note to editors:
     
    Nexia International is a leading worldwide network of independent accounting and consulting firms, providing a comprehensive portfolio of audit, accountancy, tax and advisory services.
     
    Nexia International does not deliver services in its own name or otherwise. Nexia International and its member firms are not part of a worldwide partnership. Nexia International does not accept any responsibility for the commission of any act, or omission to act by, or the liabilities of, any of its members. Each member firm within Nexia International is a separate legal entity.
     
    Nexia International does not accept liability for any loss arising from any action taken, or omission, on the basis of the content in this article or any documentation and external links provided. Professional advice should be obtained before acting or refraining from acting on the contents of this article.
     
    Any and all intellectual property rights subsisting in this document are, and shall continue to be, owned by (or licensed to) Nexia International Limited.
     
    References to Nexia or Nexia International are to Nexia International Limited.
     
    For more information, visit www.nexia.com.
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