Indo-Czech JWG Meet Held

IAS Prelims 2023

The fourth meeting of the JWG held at Brno (Czech) on October 3-6, 2016 wherein a review of the progress in bilateral ties was taken up and a roadmap for future cooperation was finalised.

Accompanied by senior representatives of companies, institutions and SMEs in the engineering and allied areas, the Indian delegation was led by Mr Girish Shankar.

Indian officials and industry leaders has shared with their Czech Republic counterparts a slew of measures being taken by India to encourage foreign investors, particularly in the areas of high technology, including Capital goods & Engineering, under the government’s flagship,’ Make in India ‘programme.

Keen on engaging actively with Czech Republic and other eastern and central European nations, India has been working under a framework of an Indo-Czech Working Group in the area of Heavy Engineering and Advanced Manufacturing, since 2013.

The government led by Narendra Modi has liberalized the FDI policies and procedures, assuring the global investors the maximum ease of doing business.

Initiatives like hike in the FDI limit, integrating India into a single market through the tax reforms through legislations like Goods and Services Tax, have enhanced the confidence of global investors into the Indian economy, which has emerged as the fastest growing in the world.