new Delhi: Prime Minister Narendra Modi has reached the visit of American. Howdy Modi will address the program in Houston on Sunday. Before leaving for America, PM Modi has prepared a pitch to encourage American investors to invest. The Modi government on Friday announced a cut in corporate tax. This is expected to give strength to the economy which is facing economic recession.
The Modi government has cut a total of $ 20 billion in corporate tax. With this, they can put the matter of ease of doing business in India in front of the American chief executives. After this deduction, countries in Asia have joined the level of corporate tax. This made India compete with countries like Vietnam and Indonesia
It will be easy to do. PM Modi will meet the CEOs of US energy companies in Houston on Saturday during a visit to the US. New companies operating in India from October 1 will pay 17.01 per cent tax like Singapore.
Richard Rossow, senior adviser at the Washington-based Center for Strategic International Studies, said these cuts would strengthen India in establishing investment. The cuts on Friday will open the way for foreign investment for technologies company like Apple and Huawei. It will be easier to trade for tomorrow's announcements.
Mahindra & Mahindra Limited Chairman Anand Mahindra also tweeted in this regard. He wrote that good news for the US at dawn. Not just because companies will pay less tax. But this is not just a moral turn. Finance Minister Nirmala Sitharaman has fired a fire, whose echo will be heard around the world.
PM Modi will address the Bloomberg Global Business Forum on September 25, which will see the participation of 40 leading companies. India received $ 3 billion in FDI from US companies last year. US President Donald Trump himself will attend PM Modi's 'Howdy Modi' event in Houston, the largest city in the state of Texas.
Also read – PM Modi arrived in Houston, will participate in 'Howdy Modi' event tomorrow
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