Prime Minister Narendra Modi will meet industry leaders tomorrow to deliberate on the recent developments in the global economic scenario and opportunities it presents for India.
Modi’s second meeting with representatives of industry associations or chambers in two months, is being held amid global market turbulence caused by a slowing Chinese economy. It also comes as the US prepares to raise interest rates.
Sources said the agenda for the meeting is ‘Recent Global Events – Opportunities for India’, but other issues plaguing the Indian industry may also come up for discussion.
Modi had in his first interaction with industry chambers on June 30 met business leaders to hear their grievances on issues ranging from high capital cost to ease of doing business to certainty on taxation matters.
Sources said other issues that could crop up during the meeting tomorrow may include government allowing an ordinance that eased land acquisition rules to lapse, deadlock on the GST Bill in Parliament and the ease of doing business.
The heads of all three industry chambers including Ficci, CII and Assocham have been invited for the meet.
Last time, the Prime Minister had separate meetings with the delegations of Confederation of Indian Industry and Federation of Indian Chambers of Commerce and Industry which raised issues like investments not picking up due to high cost of capital, poor credit growth and difficulties faced by small and medium enterprises in doing business.