Investors and CEOs assembled at the World Economic Forum here want faster clearances for

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projects in India and a uniform tax rate.

Several of them interacted with Commerce and Industry Minister Anand Sharma, who assured them that within the defined Foreign Direct Investment policy, the government would not only ensure speedy clearances but also facilitate them.

However, "the issues which they had were improving mechanism in states for cutting down the time for approvals and rationalisation and uniformity of the taxes throughout the country," Sharma told PTI here.

Sharma, who had several meetings in small groups with CEOs, apprised them with India's ambitious tax reforms through the Goods and Services Tax (GST) that will replace most of the taxes at the Central and the state level.

Sharma said India's FDI policy regime assures investors of security of investment, intellectual property rights, data protection and exclusivity.

After establishing itself as a services hub for the world, India would work towards becoming a global sourcing centre for manufacturing.

The factory production contributes about 20 per cent to the country's GDP against over 55 per cent from the services.