PM Modi delivered a speech at the annual Invest India conference in Canada.
New Delhi:
Prime Minister Narendra Modi delivered the keynote address at the annual Invest India conference in Canada on Thursday. The conference is organized with a special focus on strengthening trade ties between India and Canada.
The forum aims to give the Canadian business community a first-hand perspective on the possibilities of investing in India and to showcase India as an investment destination.
The conference is expected to attend the participation of representatives from banks and insurance companies, investment funds, companies in sectors such as aviation, electronics and manufacturing, consulting companies, universities , etc.
Here are the HIGHLIGHTS of PM Modi’s speech at the Invest India conference:
- There is one thing that most spectators have in common. He has people who make investment decisions. I want to ask you: what do you think about before investing in a country?
- In the post-Covid world, you will often hear about various types of issues. Manufacturing issues, supply chain issues, PPE issues, etc. However, India did not allow these problems to arise. We have shown resilience and emerged as a land of solutions.
- India plays the role of pharmacy in the world. So far, we have supplied medicines to around 150 countries. In March-June of this year, our agricultural exports increased by 23%. It happened as the whole country was in tight lockdown.
- India’s history is strong today and stronger tomorrow. Today, the FDI regime has been very well liberalized. We have created a favorable tax regime for sovereign wealth and pension funds. We have undertaken significant reforms to develop a robust bond market.
- We proactively monetize assets across all industries: airports, railways, highways, power lines, etc.
- Today India is undergoing a rapid change in mentalities and markets. Today India has embarked on a journey of deregulation and decriminalization of various offenses under the corporate law.
- India has taken a unique approach posed by the Covid-19 pandemic. We have given a relief and recovery program for the poor and small businesses. We also took this opportunity to undertake structural reforms. These reforms guarantee more productivity and prosperity.
- India has embarked on a trinity of reforms in education, labor and agriculture. Together they have an impact on almost all Indians.
- India has ensured reforms in the area of labor and agriculture. They ensure greater private sector participation while strengthening government safety nets. These reforms will lead to a win-win situation for entrepreneurs as well as for hard workers.
- Bilateral relations between India and Canada are based on our common democratic values and many common interests. The business and investment ties between us are an integral part of our multifaceted relationship.
- Canada is home to some of the largest and most experienced infrastructure investors. Canadian pension funds were the first to invest in India. Many of them have already discovered great opportunities in various fields such as highways, airports, logistics.
