change in india

                         
prime minister narendra modi is on a mission to hard-sell his pet make in india programme. in germany as part of a three nation tour.the pm invited german business people to participate in india's growth stride by investing more in manufacturing and in business environment.
addressing an indo-german business summit on monday in hannover, where he is attending the hannover messe, the world's largest industrial fair, the prime minister asked german businessmen to "come and feel " the change in india's regulatory environment in the past year "please do not go by old perceptions" he said.
his speech continued the theme from the previous evening,as he listed out india's efforts to make doing business easier,and said the government is focused on encouraging innovation,research and entrepreneurship. on sunday addressing an event organised as part of the hannover fair, he promised to protect intellectual property rights and make policies predictive. trying to allay two of the biggest concerns of foreign investors. german drug makers like bayer and boehringer ingelheim, and auto maker BMW are some of the companies facing issues over patents and taxes in india.
on monday modi said the government was committed to creating and improving the business environment, as he highlighted measures such as removing lot of "regressive" taxation regimes."i am here to assure the german companies that india is now a changed country. our regulatory regime is much more transparent,responsive and stable. we are taking a long term and futuristic view on the issues,"he said.
we are very keen to develop the sectors where you are strong. we need your involvement. the scope and potential, the breadth and length of infrastructure and related developments are very huge in india"
germany ranks eighth among foreign investor countries in india.its direct investment in india during january-november 2014 was $995 million (rs 6,200 crore).germany is india's largest trading partner in the eu_ with bilateral trade of around 16 billion euros (1.06 lakh crore)._and one of the top ten global trading partners. the prime minister said there was more potential.
about 600 indo-german joint ventures are currently operating in india,he said. "the purpose of my being here and participating in the hannover fair is to highlight that there is more potential in indo-german economic collaboration.though we have a vibrant relationship,our economic partner ship is not as much as both countries would like to have " he said.
"the flow of investments from germany is well below the potential and less than indian investments in germany"
"many more german companies have the possibility of investing in india to take advantage of india's potential. the potential lies in manufacturing as well infrastructure and in skill development for that purpose."he said.
(this correspondent is in germany on the invitation of siemens india).