The theme of the meeting this year would be 'Globalisation 4.0: Shaping a Global Architecture in the Age of the Fourth Industrial Revolution'.

The Prime Minister said his government is helping the micro, small and medium enterprises in every possible way and listed initiatives taken by it to provide fillip to this sector.

Announced in December, just months before a general election due by May this year, the rules were seen as an attempt by Modi government to appease millions of small traders and shopkeepers.

In the two-page letter seen by Business Today, start-up founders have cautioned the government that if the issue is not resolved immediately, Modi's 'Startup India' movement could be derailed forever.

The decision was made after Centre received representations from start-ups seeking relief from the often ambiguous angel tax.

The country's FDI inflow growth rate has seen a decline in the past few years - from 27% in FY15 to a mere 1.24% in FY18.

Earlier, controversy had erupted when the Gujarat Chamber of Commerce and Industry had extended invitation to the Karachi Chamber of Commerce for the Vibrant Gujarat summit.

Addressing a CII event, he also said there has been an ongoing discussion with Sri Lanka for a Comprehensive Economic Partnership Agreement

Setting up a separate logistics department and introducing one permit-one tax system for trucks, among other measures, will boost the transport sector and improve ease of doing business, said the EAC-PM.