HSBC India and KPMG unveil compendium of Central and State Government Initiatives Driving India’s Economic Growth
New Delhi: HSBC India in collaboration with KPMG in India recently launched– “Driving Make in India: A Compendium of Central and State Government Incentives” which encapsulates the concerted efforts undertaken by central and state governments to foster ease of doing business and enhance India’s position as a global manufacturing and innovation hub.
The report which was unveiled by Mr. Piyush Goyal, Minister for Commerce and Industry, Govt of India at an industry event serves as a strategic blueprint for navigating India’s incentives, policies and reforms landscape that underpin India’s growth story, while uncovering opportunities in areas such as foreign direct investment (FDI) potential, MSME sector expansion, job creation and supply chain localisation.
Joining the Hon’ble Minister at the launch of the compendium were Hitendra Dave, CEO, HSBC India and Yezdi Nagporewalla, CEO, KPMG in India.
Hitendra Dave, Chief Executive Officer, HSBC India said, “The incentives and policies outlined represent India’s unwavering commitment to creating an investor-friendly environment. We are delighted to partner with KPMG in India and present this compendium, which is a testament to our commitment in empowering our clients and stakeholders with insights that drive informed decision making as they unlock new avenues for growth.”
Yezdi Nagporewalla, Chief Executive Officer, KPMG in India said, “Today, India is on a growth trajectory. The country’s economy is being reshaped by initiatives like the Production Linked Incentive (PLI) scheme, increasing government outlays that facilitate sectoral ecosystem and an array of robust policies, which enable a unified approach to drive synergistic growth. These initiatives are not just policies on paper but are driving real change on the ground. As India progresses on its ambitious journey to become a global growth leader and a developed nation by 2047, I am pleased to present this compendium, which not only underscores India’s vast economic potential but also highlights the proactive measures the country has undertaken to foster an investor-friendly environment. By providing detailed insights and actionable information, this report will empower investors to make informed decisions and capitalise on the numerous opportunities across various sectors and states in India.”