The government needs to rationalize the tax hurdles to attract international investors and encourage local entrepreneurship, said Sunil Kanoria, Vice Chairman, Srei Infrastructure Finance Ltd.
Kanoria wants more simplifications and easing of the processes with respect to taxation issues. Also, the budget to address the bottlenecks that prevent inflow of international investments, he said.
“Unless these challenges are addressed, we can’t expect the growth to come back. People have been talking positive in the last 8-9 months. But, action and implementation have been poor,” Kanoria said.
To begin with, the government must increase public spending to kick off growth momentum, Kanoria said.
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Updated Date: Feb 26, 2015 11:47:36 IST