India asks BRICS to invest; woos with low corporate taxes

MOSCOW: India today asked BRICS partners to invest in its flagship programmes like ‘Make in India’ and ‘Skill India’, asserting that the government has laid down a clear roadmap for lowering corporate taxes which has created immense opportunities for foreign investors.

While addressing a meet of BRICS (Brazil, Russia, India, China and South Africa) Ministers of Industries, External Affairs Minister Sushma Swaraj also made a strong pitch for removal of structural impediments for increasing trade engagement amongst members of the group.

“We have laid down a clear roadmap for lowering corporate taxes. There is also a renewed thrust on public investment in infrastructure. All these create immense opportunities for companies from BRICS countries to work in India,” Swaraj said.

India also invited the BRICS partners to actively participate in its flagship initiatives including ‘Make in India’ ,’Smart Cities’ and ‘Skill India’. Read More…