World Economy

New India Initiative

New India InitiativeNew India Initiative

India is looking at a raft of dynamic new measures, ranging from allowing businesses to run round-the-clock, providing visas on arrival to foreign investors and registering start-up companies through mobile apps, to remove hurdles to doing business and boost the confidence of investors from the UAE and the rest of world, according to the Indian ambassador to the UAE, Arabian Business reported. “These bold ideas are capable of dramatically changing the investment scenario in India,” Dr T.P. Seetharam told Gulf News in an interview. UAE is already India’s third-largest trade partner and home to nearly 2.6 million Indians, while India is the UAE’s second largest trading partner.