Modi Manufacturing Dream Confronts Ending Red Tape Nightmare
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Prime Minister Narendra Modi today called for foreign and domestic companies to help create a vibrant manufacturing sector in India, a narrative that helped him sweep to power. For businesses facing power shortages and a byzantine tax system, the follow-through can’t come soon enough.
Modi hosted the “Make in India” conference in New Delhi designed to showcase the country’s potential as a location for factories. He made his case on the eve of a visit to the U.S., where he’ll make a similar pitch to chiefs of American industry.