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Govt committed to bring back growth: Sushma
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SME Times News Bureau | 08 Sep, 2014
External Affairs Minister Sushma Swaraj Saturday said the Narendra Modi
government was firmly committed to bring back growth and has clear
policies to facilitate business environment in India.
Addressing
around 400 delegates comprising overseas Indians as well as business and
industry leaders from Bahrain at the Diaspora Engagement Meet in Manama,
Sushma Swaraj stressed on the need to make the overseas Indians a part
of this development agenda.
"Our government is firmly committed
to bring back growth, have clear policies which will facilitate business
environment, transparency and speed, well thought out decisions.
"The
result is there before you in just 100 days. GDP growth is showing
early signs of recovery. Our focus is growth with good governance and
transparency with eye on manufacturing, infrastructure and trade," she
said.
Welcoming the Indian diaspora, she said: "Come to India,
set up industries and join our dream of growth. Things are changing in
India and you will experience in engaging with us.
"The prime minister of India, in Japan already said that there will be no red tape, there will be a red carpet."
The meet was organised by the Overseas Indian Facilitation Centre (OIFC). Sushma Swaraj arrived here on a day-long engagement.
Addressing
the conference, Kamal Bin Ahmed, minister of transportation and acting
chief executive of the Bahrain Economic Development Board, said that
Sushma Swaraj choosing Bahrain for the first visit to the Gulf
Cooperation Council (GCC) region underlines the value and importance of
Bahrain's relations with India.
He said Bahrain will further support the goals outlined by the OIFC and focus on further strengthening bilateral trade.
"The
opening of the Confederation of Indian Industry (CII) office in Bahrain
will further facilitate bilateral trade and investment. India is one of
the key emerging markets and has been one of the strongest bilateral
trade partners of Bahrain."
Prem Narain, secretary in the
ministry of overseas Indian affairs, and OIFC chairman, said: "India and
Bahrain have had strong trade relations but now is the time for
business leaders from both sides to explore new opportunities and
sectors for bilateral trade promotion.
"A focused initiative
like the Diaspora Engagement Meet is another step in this direction to
strengthen the mutually beneficial engagement with Global Indians in
Bahrain."
The OIFC signed two agreements with the Bahrain
Economic Development Board and the Bahrain India Society, and called for
structured engagement with the Indian diaspora in Bahrain to link them
with the India growth story.
A series of focused presentations on
sectors like healthcare, medical tourism, pharmaceuticals, food
processing and agri infrastructure, highlighted the business
opportunities between India and Bahrain.
Kerala presented the
state's initiatives for NRIs through NORKA-Roots. A discussion on policy
framework to facilitate investments and economic engagement with India
led by the Reserve Bank of India and leading banks, was a hallmark of
the programme.
For the first time, the Department of Industrial
Policy and Promotion (DIPP) participated in an overseas meet organised
by the OIFC.
The DIPP shared with the audience the new policy
framework for investment in India as well as iconic infrastructure
projects like the Delhi Mumbai Industrial Corridor (DMIC).
eBiz,
an ambitious project of the DIPP which aims to get all procedures,
clearances on a common platform, received much appreciation.
The
OIFC was established in 2007 with the objective of supporting the
Indian diaspora connect better with India and assisting them in
deepening their economic and intellectual engagement with India.
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