<p>Hard selling India with assurances of a business-friendly environment and a stable and simpler tax regime, Prime Minister Narendra Modi invited top US business to come and invest in India.<br /><br /></p>.<p>Addressing the US-India Business Council comprising 300 top US companies doing business with India here Tuesday, he promised to replace bureaucratic red tape with a red carpet.<br /><br />The role of the government should be that of a facilitator, Modi said wrapping up his five day trip to the US all through which he has made a strong pitch for investment in India with a promise of extensive use of technology better infrastructure and labour reforms.<br /><br />He invited US business leaders to come to India and join the "Make in India" campaign saying it's a win-win situation as India is moving ahead with great speed.<br /><br />Since coming to office four months ago, Modi said his government had cleared a record number of foreign investments though admittedly it had not been possible to make a great many changes in such a short span.<br /><br />Before coming to Washington Monday, Modi had breakfast meetings in New York with 11 CEOs, including those of Google, Citigroup and Pepsico.<br /><br />It was followed by one-on-one meetings with six other CEOs of companies like Boeing, IBM, GE and Goldman Sachs.<br /><br />There too he had made the same pitch: India is open-minded and wants change. "We want change, but a change that is not one sided" and he is discussing with citizens, industrialists and investors how to go about it.<br /><br />USIBC's Indian-American chairman Ajay Banga, who is also the CEO of MasterCard, expressing confidence that India-US trade can grow five fold from the current $100 billion in five years said: "The best days of US-India relations are coming."<br /><br />US Chamber of Commerce president Tom Donohue also welcomed Modi's commitment to replace "the red tape with the red carpet" and the government's commitment to labour and tax reforms.</p>
<p>Hard selling India with assurances of a business-friendly environment and a stable and simpler tax regime, Prime Minister Narendra Modi invited top US business to come and invest in India.<br /><br /></p>.<p>Addressing the US-India Business Council comprising 300 top US companies doing business with India here Tuesday, he promised to replace bureaucratic red tape with a red carpet.<br /><br />The role of the government should be that of a facilitator, Modi said wrapping up his five day trip to the US all through which he has made a strong pitch for investment in India with a promise of extensive use of technology better infrastructure and labour reforms.<br /><br />He invited US business leaders to come to India and join the "Make in India" campaign saying it's a win-win situation as India is moving ahead with great speed.<br /><br />Since coming to office four months ago, Modi said his government had cleared a record number of foreign investments though admittedly it had not been possible to make a great many changes in such a short span.<br /><br />Before coming to Washington Monday, Modi had breakfast meetings in New York with 11 CEOs, including those of Google, Citigroup and Pepsico.<br /><br />It was followed by one-on-one meetings with six other CEOs of companies like Boeing, IBM, GE and Goldman Sachs.<br /><br />There too he had made the same pitch: India is open-minded and wants change. "We want change, but a change that is not one sided" and he is discussing with citizens, industrialists and investors how to go about it.<br /><br />USIBC's Indian-American chairman Ajay Banga, who is also the CEO of MasterCard, expressing confidence that India-US trade can grow five fold from the current $100 billion in five years said: "The best days of US-India relations are coming."<br /><br />US Chamber of Commerce president Tom Donohue also welcomed Modi's commitment to replace "the red tape with the red carpet" and the government's commitment to labour and tax reforms.</p>