14 March 2012

PM Gruevski calls Indian businessmen to invest in Macedonia

Prime Minister Nikola Gruevski Monday in New Delhi called upon Indian businessmen to invest in Macedonia and to utilise its competitive advantages. He promised maximum support by government institutions for realisation of their investments and business projects with Macedonian companies.
- Mittal Steel, the Samvardhana Motherson Group and Binani Group are Indian investments in Macedonia that have excellent experience in doing business, Gruevski said at the Business Forum in New Delhi, organised by the Confederation of Indian Industry, the Associated Chambers of Commerce and Industry of India (ASSOCHAM) and the Federation of Indian Chambers of Commerce and Industry (FICCI), which was attended by more than 120 Indian companies.
Gruevski emphasised the size of the Indian economy, its growth that rose 20 times in two decades and twice increased participation of Indian export of goods and services in global export as well as Indian export of capital, reads the Government's press release.
He referred to business environment reforms in the past 6 years and evaluation by the World Bank 2012 Doing Business Report for Macedonia being third best reformer in the world. He also introduced investors with economic policies and investment opportunities. He pointed out macroeconomic results, average inflation rate of 2.5% in the past decade and access to 650 million European consumers under the free-trade regime.
He further added low budget deficit and careful indebtedness and low tax regime highlighting tax exemption on investments and retained earnings in the country.
Aggarwal, Chairman of ASSOCHAM, Devin Narang, FICCI Executive Committee Member and Chairman and Ganapathi, Secretary (West), Ministry of External Affairs, Government of India, also addressed the forum expressing satisfaction for participation at such event for the first time where Macedonia's investment opportunities are presented and pointed out that fast-growing Indian economy constantly sees opportunities for internationalisation of its production and services and thereby boosting economic relationship between India and Macedonia.
Minister for Foreign Investments Bill Pavleski and Directorate for Technological Industrial Development Zones manager Viktor Mizo introduced Indian businessmen in details about business opportunities and competitive advantages in several spheres in Macedonia.Deputy PM Zoran Stavrevski in his presentation emphasized the increased competitiveness of Macedonia's economy, especially in fiscal policy, Regulatory Guillotine and investment opportunities in sectors like road, railways and energy.
Gruevski and Stavreski held tęte-ŕ-tęte meetings with several interested Indian companies.
Government delegation from here leaves for another Business Forum in New Delhi, which is organised by Sahara India Pariwar Group.

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