Modi Needs To Speed Up Reform Process: Entrepreneur


WASHINGTON: Having announced some pro-economy measures, Prime Minister Narendra Modi now needs to accelerate the pace of reforms, a leading Indian-American entrepreneur has said.

"I was expecting much more. I was expecting that in the first 100 days, he would announce a lot more initiative as far as foreign investment, infrastructure in India, road, power and water. Maybe he is taking his own time in announcing these reforms," Vinod 'Vin' Gupta, former CEO and Chairman of infoGROUP (previously info U.S.A) told in a recent interview.

Lauding Modi, Gupta said: "He is a great leader. He is a great orator."

He extended his support to the Prime Minister's endeavours asking him to induct youngsters and more people of his acumen in his team.

"We are willing to support him. And now he needs a few more people of his equal calibre. He needs to bring younger people as part of his team, who would be dedicated to national development," the Uttar Pradesh-born tycoon said.

He said various measures like solving tax problems and amending labour and tax legislations would create a business friendly environment and attract foreign direct investment.

"They need to solve tax problems, because a lot of companies are hesitant to go there because of labour laws, tax laws," he said.

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Source: PTI