GST Implementation is a Part of Big Change: Ajay Kanwal

Ajay Kanwal, CEO Asean and South Asia at Standard Chartered Bank, visited India as part of the Singapore business forum along with Singapore Prime Minister Lee Hsien Loong, was seated along with media personnel and shared some positive notes about the upcoming taxation reform GST in India along with future planning of the bank in the country.

Talking about the India’s favourability, Mr. Kanwal was very optimistic and equally supported internal and external reasons for this. He was also seen praising Prime Minister Modi for his initiatives and efforts in the country. Giving a clean law and regulation flow there is now a supportive environment created for business units. While the growing GDP as of now 7.5 per cent is also a bright figure to be considered.

Read Also: GST Impact on Gross Domestic Product (GDP) in India

Focusing on the GST purview, the chief officer said that, “GST, bankruptcy code are not small tinkerings. They are big changes. The key will be implementation.” While everything looks promising, the head of Asean and South Asia, Standard Chartered Bank has assured that there is an upcoming investment in India amounting to USD 100 million in coming five years of time.

Subodh Kumawat

Subodh has done with numerous professional degrees ranging from Human Rights to Banking along with MBA in HR Marketing. He is also interested in the field of tax-related articles and blog as per the industry based norms. Having expert knowledge in diverse sectors, he assures facts and figures along with testimony, in his articles. Working in SAG Infotech, he is a trusted author among the readers globally.

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