Gadkari to CA: Suggest ways to attract foreign investments

Gadkari to CA

Chartered accountants should suggest ways to attract maximum foreign investments into the micro, small and medium enterprises (MSMEs), road transport and highways minister Nitin Gadkari said on Thursday. 

Addressing a virtual conference on digital and sustainable economy organised by the Institute of Chartered Accountants of India (ICAI), Gadkari said that with innovative approach, more foreign investment could come into the MSME sector which is a big contributor to exports from India.   

Read Also: Fix IT portal glitches or we will extend ITR deadline:  Gujarat HC

“Indian MSMEs are giving excellent viability and income to investors. It is also time for our country to attract foreign investment into the sector and this is where the role of chartered accountants is very important. I would request the chartered accountants community to suggest ways and innovative approach to attract maximum foreign investment into the MSME sector,” a statement from ICAI said quoting from Gadkari’s address.  

Read Also: Budget 2022: Top 10 expectations by tax professionals

“To make India Atmanirbhar (self reliant), we are trying to accelerate the growth rate of our economy. There is a huge potential for Indian entrepreneurs in the global market and this offers an appropriate opportunity for India. The role of Chartered Accountants is important here as they understand the problems of the economy and can guide the country as to how to increase our exports and decrease our imports,” the minister said.

Read Also: CAs and IT practitioners included in ‘exempted category’ in Delhi

Disclaimer:The article or blog or post (by whatever name) in this website is based on the writer’s personal views and interpretation of Act. The writer does not accept any liabilities for any loss or damage of any kind arising out of information and for any actions taken in reliance thereon. 
Also, and its members do not accept any liability, obligation or responsibility for author’s article and understanding of user.

For Collaborating with us-

Tags: blog

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed