|
|
|
India right place to be, Modi tells investors
|
|
|
|
Top Stories |
|
|
|
|
SME Times News Bureau | 05 Nov, 2020
Prime Minister Narendra Modi on Thursday urged global investors to
invest in India and said that the country is the right place for
investments as it provides business returns and demand along with
reliability and the values of democracy.
Addressing the Virtual
Global Investor Roundtable, the Prime Minister laid down the reform
measures taken up by the government amid the pandemic along with the
steps announced during the past six years.
"If you want returns
with reliability, India is the place to be. If you want demand with
democracy, India is the place to be," he said.
"If you want
stability with sustainability, India is the place to be. If you want
growth with a green approach, India is the place to be," he added.
Highlighting
the country's democracy and demography, Modi said that India offers
investors democracy, demography, demand as well as diversity.
"Such
is our diversity that you get multiple markets within one market. These
come with multiple pocket sizes and multiple preferences. These come
with multiple weathers and multiple levels of development," he said.
Modi also said that the government would take every step necessary to make India lead the recovery of global economic growth.
"A
strong and vibrant India can contribute to the stabilisation of the
world economic order. We will do whatever it takes to make India the
engine of global growth resurgence," he said.
He also talked
about the recent reforms in the agriculture sector, which along with
accolades from several sector experts and economists have also faced
protests from farmers in several states.
Modi said that the
recent reforms in agriculture has opened up new possibilities for global
investors to partner with the farmers of India. He further said that
with the help of technology and modern processing solutions, India will
soon emerge as an agriculture export hub.
On the government's
vision of 'Aatmanirbhar Bharat', he said that India's quest to become
sel-reliant is "not just a vision, but a well-planned economic
strategy".
He described it as a strategy that aims to use the
capabilities of our businesses and skills of Indian workers to turn the
country into a global manufacturing powerhouse.
The Prime
Minister also said that through the year, India has "bravely fought" the
global pandemic and the world saw India's "national character".
The
global institutional investors present at the roundtable represented
key regions including the US, Europe, Canada, Korea, Japan, Middle East,
Australia and Singapore. Some of these included funds like Singapore's
Temasek Holdings, Canadian Investment Fund, Korean funds, JBIC, and
Australian Super, among others.
Ratan Tata, Mukesh Ambani, Nandan
Nilekani, Deepak Parekh, Uday Kotak and Dilip Sanghvi were the major
Indian business personalities present at the roundtable.
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|