Rajnath Singh invited the defence industry leaders to participate in the “Make In India” initiative.
Union minister Rajnath Singh today held out hope for further tax rationalisation measures to invite foreign investment in the country. The defence minister, who is currently in France, met with the heads of the French defence establishment today and invited them to participate in the “Make In India” initiative.
“Our government is ready to consider further tax rationalisation measures to encourage ‘Make in India’,” the minister was quoted as saying at the meeting by news agency ANI.
With the economic growth dropping to a five-year low, the government had recently eased the norms for Foreign Direct Investment to ensure the ease of doing business.
The areas where norms were relaxed