Aug 11, 2016

GST will bring in ease of doing business in India: Bombardier Transportation Chief

Harsh Dhingra, Chief Country Representative, India, Bombardier Transportation said, “Implementation of GST in India is a welcome sign for the industries. GST is a significant move and one of the most important ones post liberalization in India, but implementation is the key.”

New Delhi: Harsh Dhingra, Chief Country Representative, India, Bombardier Transportation said, “Implementation of GST in India is a welcome sign for the industries.
GST is a significant move and one of the most important ones post liberalization in India, but implementation is the key.

GST will be a good economic development for the country which eventually means that more investment in improving railway and infrastructure development. India is already one of the world’s fastest growing large economy, expanding by 7.9 percent year-on-year in the March 2016 quarter.

GST will bring more transparency and process driven approach with less documentation which will give confidence to MNC’s like Bombardier to operate, invest and Make in India.”

He added, “With modernization and restoration of balance in the intermodal transport, rail transportation can be a significant engine of inclusive growth and development for India and can potentially contribute upto 2% from the current 1% GDP levels.

India has been growing around 7-8% every year and historically for India to maintain these levels, railways can grow every year by around 9.5% with the impetus of GST.

Rail Transportation will then, create new jobs, save energy, improve environment, while moving people, raw material and goods more efficiently nationwide.”

 

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