{"id":100296,"date":"2023-04-12T10:30:00","date_gmt":"2023-04-12T05:00:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=100296"},"modified":"2023-04-12T10:25:32","modified_gmt":"2023-04-12T04:55:32","slug":"us-shriram-india-investment","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/us-shriram-india-investment\/","title":{"rendered":"India provides predictable, stable and business-like environment: industrialist"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1083165624\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>India offers a predictable, stable and business-like environment which is one of the major factors for foreign companies to invest in the country, a top Indian industrialist has said as he underscored the need for labour reforms.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-694020786\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Alok B Shriram, CEO of manufacturing company DCM Shriram Industries, who is in the US as part of the Federation of Indian Chambers of Commerce and Industry (FICCI) business delegation, said he sensed great deal of enthusiasm about India and the investment climate in the country in his interactions with his American counterparts.<\/p><p>&#8220;On the whole, everyone is looking forward to working on investing in India. That difference coming in now, (is) not just transferring technology or something, but it&#8217;s actually investing,\u201d Shriram told PTI on Tuesday.<\/p><p>He observed that the first reason for it is that India has a very young and very well-trained workforce that, at least, is well educated.<\/p><div class=\"trade-content_5\" id=\"trade-3205904532\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>&#8220;It&#8217;s a good environment. I think in the last decade, this government has proved very clearly that they lay out a path and then they walk the talk. Some things may be a little slow or fast but they walk the talk, and they follow that path,\u201d Shriram said.<\/p><p>&#8220;So, you have to look at it in light of business. Businesses like stability and predictability. I think this is what they&#8217;re getting. We may like or dislike some policy, that&#8217;s a different matter, but at least the government is giving you a predictable path forward. That is a big reason to invest in India.<\/p><p>&#8220;Of course, it&#8217;s also a corollary that China is having its own set of problems, and we should take all the benefits out of that,\u201d Shriram said.<\/p><p>He favoured the implementation of new labour codes and suggested that micro, small and medium enterprises be given similar facilities that are given to startups.<\/p><p>\u201cThe central government has done what it could. It&#8217;s now for States to take the steps to actually bring out the rules and each State has to adopt them because it&#8217;s a concurrent subject,\u201d he said.<\/p><p>Shriram said the government needs to promote Micro, Small and Medium Enterprises (MSMEs) because MSMEs per unit of capital can create the maximum number of jobs.<\/p><div class=\"trade-content-10\" id=\"trade-1908901022\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>\u201cI think they should remove investment as a criterion for MSME and keep it on turnover as is done in a lot of European countries like Germany,\u201d he said.<\/p><p>\u201cThe second encouragement which I would suggest is that, like startups are given a concessional tax, any MSME who gets registered and gets into the formal area of the government data banks etc. If they registered, they should also be given the same break as the startups which is essentially 15 per cent tax, and they get a three-year tax holiday in a span of 10 years,\u201d he said.<\/p><p>He said the move will encourage many people to come in and formalise their industry.<\/p><p>&#8220;Today, many people find it in the MSME sector not worth their while to come into this formalised area,\u201d he said. PTI LKJ MRJ<\/p><div class=\"trade-after-content\" id=\"trade-3542371989\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>India offers a predictable, stable and business-like environment which is one of the major factors for foreign companies to invest in the country, a top Indian industrialist has said as he underscored the need for labour reforms. Alok B Shriram, CEO of manufacturing company DCM Shriram Industries, who is in the US as part of [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":16508,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31],"tags":[],"class_list":["post-100296","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>India provides predictable, stable and business-like environment: industrialist - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"India offers a predictable, stable and business-like environment which is one of the major factors for foreign companies to invest in the country, a top Indian industrialist has said as he underscored the need for labour reforms.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/?p=100296\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India provides predictable, stable and business-like environment: industrialist\" \/>\n<meta property=\"og:description\" content=\"India offers a predictable, stable and business-like environment which is one of the major factors for foreign companies to invest in the country, a top Indian industrialist has said as he underscored the need for labour reforms.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/?p=100296\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-12T05:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/DCM-Shriram-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"PTI News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/DCM-Shriram-Cover-Image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PTI News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/?p=100296\",\"url\":\"https:\/\/tradebrains.in\/features\/?p=100296\",\"name\":\"India provides predictable, stable and business-like environment: industrialist - 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