Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
11,910.1553.35
Stock Analysis, IPO, Mutual Funds, Bonds & More

India offers huge business opportunities for Central, Eastern European companies: Piyush Goyal

He further said both India and Europe also offer an opportunity to help kick-start economic growth in the world. "We have lots of opportunities together and I hope we can look for a greater engagement. We have both comparative and competitive adva...

PTI|
Nov 20, 2019, 04.15 PM IST
0Comments
PTI
India offers huge business opportunities for Central, Eastern European companies: Piyush Goyal
"We offer incentives, we have cut down tax rates. We have 1.3 billion people market who are aspiring for a better quality of life," Goyal said.
NEW DELHI: India, with its 1.3 billion population, offers huge business opportunities for the companies of Central and Eastern European countries, Commerce and Industry Minister Piyush Goyal said on Wednesday.

He further said both India and Europe also offer an opportunity to help kick-start economic growth in the world.

"We have lots of opportunities together and I hope we can look for a greater engagement. We have both comparative and competitive advantages," he said here.

Goyal was addressing the India-Europe 29 Business Forum, organised by industry body CII.

Seeking investments, the minister said India provides several incentives including low tax rates for investors.

"We offer incentives, we have cut down tax rates. We have 1.3 billion people market who are aspiring for a better quality of life," Goyal said.

Indian and Central and Eastern European companies can enhance cooperation in areas like artificial intelligence, renewable energy and new age manufacturing.

Speaking at the function, Deputy Prime Minister for Economic and Demography Policy, Bulgaria, Mariyana Nikolova too sought investments from India.

She said that her country provides stable and predictable policy regime and a host of incentives for investors.

Ministry of External Affairs secretary T S Tirumurti said Central and Eastern European countries can be benefitted from the opportunities that India offer in different sectors.

Also Read

Trials on to convert diesel engines into electric: Piyush Goyal

RCEP did not address our concerns: Piyush Goyal

India is out of RCEP for now: Piyush Goyal

Huge potential in services sector: Piyush Goyal

Startups will never be harassed, says Piyush Goyal

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service