SME Times News Bureau | 07 Nov, 2019
Prime Minister Narendra Modi on Thursday said every state
in India is competing to attract business and investment.
"Earlier, investors' summit like these used to happen in just few cities
in the country. The situation has changed today. Every state today is competing
to attract business and investment," donning Himachali cap Modi told a
galaxy of business delegates and investors, comprising foreign nationals at
Himachal Pradesh's first two-day Global Investor Summit here.
In his over half-an-hour speech in Hindi, the Prime Minister said "a
positive competition could be seen among the states".
"The governments are taking initiatives and are removing unimportant
mechanisms. The rise in this competition will help our industry grow better at
the global level," he said.
Hailing Chief Minister Jai Ram Thakur for bringing policies to attract
investments, Modi said the massive jump in ease-of-doing ranking for India
isn't just a statistical change but a revolution in the way business is done in
"It is a major revolution for industry in India. It means our government
is taking decisions that have helped the industrial grassroots mechanism get
"We are adding new layers annually, making it more flexible and
Asking Himachal to take a leaf from another mountainous state Sikkim in
exploring organic farming, whose Sikkim Chief Minister Prem Singh Tamang was
those sharing the dais, the Prime Minister said there is probably no company in
the pharmacy industry that doesn't produce its medicines in Himachal already.
Eyeing a lot of opportunities in Himachal and a lot remains untapped even
today, Modi said, "We need to think how unique properties of every
district need to be explored and presented to the globe."
"Today, tourism is being promoted as a package in India. From nature,
adventure, spiritual, medical or eco, all types of tourism are being given
equal weightage. Himachal is full of opportunities and potential," Modi,
who proudly says Himachal is his second home, said.
"I am not a guest in Himachal Pradesh, I am a Himachali. I am the host of
He said the public infrastructure fund of Rs 5 lakh crore would be used in the
next five years and this would also benefit Himachal Pradesh.
"Himachal is fulfilling every requirement for business. It delivers peace
and a society that accepts diversity," he said, indirectly hinting the
entrepreneurs to invest in the state.
National and international business delegates arrived at Dharamsala on
Wednesday for the summit that will see participating of Union Ministers Amit
Shah, Nitin Gadkari and Piyush Goyal along with other industry and foreign
The investors' summit -- Rising Himachal -- aims to attract investment in the
agri-business, food processing and post-harvest technology, manufacturing and
pharmaceuticals, tourism, hospitality and civil aviation, hydro and renewable
energy, among others, sectors, Chief Minister Jai Ram Thakur said.