PM Narendra Modi and German Chancellor Angela Merkel issue a joint statement at Hannover Messe.

Modi, speaking in Hindi, says, "Hannover fair is organized in Germany but the entire world has its eyes on this fair. In different parts of the world different innovations are taking place. This fair will give a chance to Indian companies to observe Germany's innovations, work culture and discipline. India will contribute in development of both the nations by participating in Hannover Messe."

Wooing investors from Germany and the rest of the world, Prime Minister Narendra Modi on Sunday night promised a welcoming business environment in India with a 'predictable, stable and competitive' tax regime and asserted that the 'remaining uncertainties' will be addressed.

He said the task of turning around the systems in India is 'huge' and will not be completed overnight but stressed that the government is firmly moving in that direction and it will be done.

Inaugurating, along with German Chancellor Angela Merkel, the Hannover Fair in which India is a partner country, Modi said his government is 'removing unnecessary regulations and simplifying our procedures' to make it easy for doing business in the country and enable foreign companies to participate in the 'Make in India' programme.