Bahrain and India discuss ways to explore investment opportunities | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Bahrain and India discuss ways to explore investment opportunities | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

The Embassy of India in the Kingdom of Bahrain, in partnership with Bahrain-India Society, Invest India, the national investment promotion and facilitation agency of India, and Cyril Amarachand Mangal Das, a leading Indian law firm having expertise in investment matters, organised a webinar on “Ease of Doing Business in India” on 18 October.

The event was organised for better understanding of emerging Indian market in general and for the benefit of prospective investors from Bahrain.

India, now the fifth largest economy in the world, has emerged as hub of technology-based start-ups and is home to more than 100 unicorns with a total valuation of approximately 350 billion.

Out of these, 44 became unicorns in 2021 and, 21 became unicorns in 2022.

The country is becoming an attractive destination for doing business as it has jumped 79 positions from 142nd (2014) to 63rd (2019) in ‘World Bank’s Ease of Doing Business Ranking 2020’.

Indian Government has announced Production-Linked Incentive (PLI) Schemes for 14 key sectors, which provides immense opportunities for investors to Make in India and reap benefit of incentives being offered under PLI.

Recently, in September 2022, India has also approved the national logistics policy, which aims to cut logistic