India’s business policies transparent and predictable: Modi

Prime Minister Narendra Modi on Monday said India has made its policies transparent and predictable and clearly defined the procedures for businesses.

“We have made our policies transparent and predictable. We have made our procedures clearly defined and smooth,” Mr. Modi said during a breakfast meeting with Australian business leaders this morning before leaving for Sydney.

Mr. Modi said that his government is focused on eliminating unnecessary laws and regulations, making processes easier and shorter, ensuring that the other government is more transparent.

He also said good governance is the starting point of change and it is important to business as it is to ordinary citizens.

You will begin to find a difference in India, he added.

“You will not only be able to convert opportunities into partnerships, you will do it in an environment that is welcoming and easy to do business in,” he said.

Mr. Modi also praised Queensland for sending a number of trade missions to India.

“Just this September, there was a Queensland-Gujarat Energy Roundtable in Gandhinagar, the capital of Gujarat. I am pleased that Queensland will be participating in ‘Vibrant Gujarat’ in January 2015 to showcase your infrastructure capabilities”, he said.

He also lauded the Australian province for allowing a 16 billion dollar investment in coal mining in the state.

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