Athens/New Delhi: India offers immense opportunities for Greek businesses to invest, collaborate and expand, Union Commerce and Industry Minister Piyush Goyal said on Monday.
Addressing business leaders, Goyal said India continues to maintain strong economic growth amid global headwinds and has emerged as a reliable partner offering scale, talent and youthful energy.
He emphasised that India serves as a gateway to the Indo-Pacific region, Asia and Africa, providing competitive and affordable opportunities for businesses seeking expansion.
“India offers great opportunities for Greece to invest, partner and grow,” Goyal said, adding that the two countries can leverage each other’s strategic strengths to enhance economic cooperation.
The minister noted that while India provides access to fast-growing markets across Asia and Africa, Greece can act as India’s gateway to Europe. He said the two nations have the potential to build stronger trade and investment ties by utilising their respective geographic and economic advantages.
Highlighting the reforms undertaken by the Indian government to improve the business environment, Goyal said India has made it easier than ever for companies to invest, partner and expand operations in the country.
He pointed to major structural reforms, including the implementation of the Goods and Services Tax (GST), which created a unified national market similar to the European Union’s common tax framework.
He also underlined the government’s efforts to improve ease of doing business through lower corporate taxes, a liberalised foreign direct investment regime and the opening up of sectors such as nuclear energy for greater participation.
According to Goyal, the government has removed more than 40,000 compliances and repealed several obsolete laws to reduce regulatory burdens and simplify procedures. These measures, he said, have helped reduce paperwork and made doing business in India more efficient.
The minister said the government’s reform agenda is aimed not only at attracting investments but also at making the lives of Indian citizens simpler and more convenient.
(IANS)
