India is one of the world’s fastest growing economies and it has been slated as the next global growth engine. A slew of economic initiatives under Prime Minister Narendra Modi’s government — such as Make in India, Digital India, Smart Cities, Start Up India and more, which collectively envision India as a “highly-functioning economy” focussed on industry, innovation, entrepreneurship, infrastructure development and total digital connectivity — open doors to investment in India.
In May this year, the Singapore consortium comprising Ascendas-Singbridge and Sembcorp Development was awarded the master development rights to build Andhra Pradesh’s new capital city, Amaravati. It marks a significant milestone in bilateral relations between India and Singapore. This month, India rolls out one of its most significant reforms to date through the introduction of its Goods and Services Tax. This wide-ranging, cross-sector initiative will ease administration and related costs by reducing the complexity of the existing multiple indirect taxes landscape. It will also reduce business costs by encouraging centralised operations and streamlined distribution networks — benefitting investors.
Join Ambassador-at-Large Gopinath Pillai, Singapore’s Special Envoy to Andhra Pradesh, and Mr Manohar Khiatani, Deputy Group CEO of Ascendas-Singbridge, for a dialogue on Doing Business in India. They will share their insights on these developments, how businesses can capitalise on India’s growth trajectory as well as navigate the landscape there.