January 11, 2018
Shri Arun Jaitley
Honorable Union Minister of Finance
Ministry of Finance, Government of India
North Block, New Delhi, 110 011
Re: USIBC Submission for Pre-Budget Memorandum for 2018-2019
Dear Honorable Minister Jaitley,
On behalf of the U.S.-India Business Council (USIBC) and our membership comprised of the world’s top global companies investing in India, it is my honor to submit to you this memorandum in anticipation of the 2018-2019 Union Budget.
Across all sectors, USIBC remains committed to supporting the Government of India in the implementation of policies that support the exciting momentum underway that will continue to propel India’s growth story. These efforts include implementation of the Goods and Services Tax Regime, the regulatory framework for the Bankruptcy and Insolvency legislation, and improvements under India’s Ease of Doing Business initiatives.
USIBC stands as a full partner to growing a thriving new chapter in the India-U.S. commercial partnership. The Council respectfully presents recommendations in this Memorandum that will align Indian policies with international norms and will help to:
1) Create a fair, transparent tax environment;
2) Grow the economy by attracting long-term foreign investment; and
3) Bolster a sound policy framework for growth of business
USIBC remains grateful to you for your leadership and for your favorable consideration of these recommendations
President, U.S.-India Business Council
Download USIBC's Pre-Budget Memo below.