The PM also pointed out that ‘India remains one of the most open economies in the world’. “We are laying a red carpet for all global companies to come and establish their presence in India.
PM Modi has stated that it is natural to link global revival and India. Speaking at the India Global Week 2020, the PM said: "There is faith that the story of global revival will have India playing a leading role. I see this closely linked with two factors. The first is- Indian talent. World over, you have seen the contribution of India's talent-force. The second factor is India's ability to reform and rejuvenate. Indians are natural reformers! History has shown that India has overcome every challenge, be it social or economical. India has done so with a spirit of reform and rejuvenation. The same sprit continues now." The PM underlined that India has equal focus on the health of its people as well as its economy. "Indians have the spirit to achieve what is believed to be impossible. No wonder that in India, we are already seeing green-shoots when it comes to economic recovery. In this time of a pandemic, we have provided relief to our citizens and undertaken deep structural reforms. We are making the economy: more productive, investment friendly and competitive," he said.
The PM also pointed out that ‘India remains one of the most open economies in the world'. "We are laying a red carpet for all global companies to come and establish their presence in India. Very few countries will offer the kind of opportunites India does today. There are many possibilities and opportunities in various sunrise sectors in India. Our reforms in agriculture provide a very attractive investment opportunity to invest in storage and logistics. We are opening the doors to investors to come and invest directly in the hard-work of our farmers," he remarked.
Speaking about the MSME sector, PM noted that India has brought reforms in the MSME sector. "A booming MSME sector will also complement big industry. There are investment opportunities in the defence sector. With relaxed FDI norms, one of the world's biggest militaries invites you to come and make products for it. Now, there are more opportunities for private investment in space sector. This will mean greater access to commercial use of space tech for the benefit of people. India's tech and start-up sector is vibrant. There is a market of millions of digitally empowered, aspirational people. Imagine the kind of products you can make for them."
Explaining the concept of AtmaNirbhar Bharat or a self reliant India, PM Modi said that AtmaNirbhar Bharat merges domestic production and consumption with global supply chains. "AtmaNirbhar Bharat is not about being self-contained or being closed to the world. It is about being self-sustaining and self-generating. We will pursue policies that promote efficiency, equity and resilience."
The Indian PM also highlighted India's readiness to do whatever it can to further global good and prosperity. "This is an India that is reforming, performing and transforming. This is an India that offers new economic opportunities. This is an India that is adopting a human-centric and inclusive approach to development," he said.
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