The PM also said that his Government has taken major steps to increase the ‘Ease of Doing Business' and have already begun climbing steeply in the global rankings.

"We are encouraging foreign and domestic investors to set up high quality and efficient manufacturing facilities. We have greatly enhanced investment in roads, railways, ports and waterways to improve logistics. We have made major process improvements in our ports to reduce the time taken for cargo to enter and exit," he said.

The PM also appreciated the US' start up eco-system and added that India is making a beginning in replicating it. "Our Start-Up India programme has stimulated a new breed of innovators. In 2016, Bengaluru has become the fifth most preferred location for innovation centres. It was not even in the top 10 in 2015," he said.
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