Jaitley assures Turkish investors of rational tax regime

Ankara, (IANS) Assuring a rational tax regime and easier environment for doing business, Finance Minister Arun Jaitley on Friday urged Turkish industry leaders to invest in India.

“We are in the process of rationalising our tax structures, both direct and indirect taxes… We have very large natural resources, while we have expedited the clearances and more and more laws are being liberalised,” he said in an interactive session with Turkish business leaders on the sidelines of the G20 Meeting of finance ministers and central bank governors.

“We have made significant progress on ease of doing business, although I would not say as yet that we have perfected it,” Jaitley said.

Inviting Turkish investors into areas like smart cities, textiles, food processing and renewable energy, the finance minister said the infrastructure sector, including the recently announced 98 smart cities, offer significant opportunities for companies from Turkey.

At the meeting organised by the Confederation of Indian Industry, Jaitley also suggested that Turkish construction companies could form a consortium and explore business opportunities in India with the help of the CII and the Turkish-Indian Chamber of Commerce.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here