GST Bill will be rolled out in 2016, says Modi: As it happened

# India sailing in the right direction but cannot be complacent; we are committed to creating favourable conditions for business: Modi

# It is the software in India which will drive the hardware across the world: Modi

# FDI inflows have gone up by 40 per cent this fiscal year: Modi

# Such a huge potential for creation and production will not be available in any one country: Modi

# We have introduced the GST Bill in Parliament and we are hopeful to roll it out in 2016: Modi

# Across the board we have increased the validity period of Industrial Licences: Modi

# We have expedited regulatory clearances including security and environmental clearance: Modi

# We have taken very decisive steps to remove a number of long pending concerns of investors: Modi

# We have fast tracked approvals and clearances for industry and infrastructure: Modi

# We are committed to creating favourable conditions for business and industry: Modi

# At a time of global slowdown, India represents a bright spot for investments: Modi

# There is tremendous potential in India-Germany economic collaboration: Modi

Prime Minister Narendra Modi and German Chancellor Angela Merkel are in Bengaluru and the two leaders visited Bosch Factory in the city. They shared the dais at a NASSCOM event.

Modi and Merkel held bilateral talks on Monday to discuss security, economy, climate change and infrastructure. Both sides support expanding the United Nations Security Council.

Merkel arrived in India on October 4 on a three-day visit during which she held comprehensive talks with Modi on key bilateral and international issues including trade and security situation in the region.