Best time to invest in India, says Prime Minister; cautions about Climate change
“India is making policies keeping in mind the goals of next 25 years. This period of growth will be green, clean, sustainable as well as reliable," said Prime Minister Modi
Making a strong pitch for seeking enhanced investment, Prime Minister Narendra Modi on Monday said that the entrepreneurship spirit of Indians and the ability to adopt new technology have made the country ideal for putting in money here. In his address to the World Economic Forum’s Davos Agenda via video conferencing, the Prime Minister, however, cautioned about the global Climate Change challenge and said, "We have to accept that our lifestyle is also a big challenge for the climate. 'Throw away' culture and
consumerism have made the climate challenge more serious".
"It is important for Mission 'LIFE' to become a global mass movement," he emphasized.
"This is the best time to invest in India.The entrepreneurship spirit that Indians have, the ability to adopt new technology, can give new energy to each of our global partners," he said.
“India is making policies keeping in mind the goals of next 25 years," Mr Modi said. He maintained that the country has kept the goals of high growth and saturation of welfare and wellness. "This period of growth will be green, clean, sustainable as well as reliable”.
He said today's India has the world's largest, safe and successful digital payments platform.
"In the last month alone, 4.4 billion transactions have taken place in India through Unified Payments Interface (UPI)," he said.
The Prime Minister said that India is tackling another wave of the pandemic with caution and confidence and moving ahead in the economic sphere with many hopeful results.
He said that India as a strong democracy, has given a bouquet of hope to humankind which comprises of Indian’s unwavering faith in democracy, technology that is empowering the 21st century and the talent and temperament of Indians. He said that during Corona time, India saved many lives by exporting essential medicines and vaccines by following its vision of ‘One Earth, One Health’.
India is the world’s third-largest pharmaceutical producer and is considered ‘pharmacy to the world’. Mr Modi said India is also providing a record number of software engineers. More than 50 lakh software developers are working in India. He informed that India has the third-largest number of unicorns today.
More than 10 thousand start-ups have registered during the last six months. He also talked about the measures of enhancing Ease of Doing Business and reduction of government interference. He mentioned simplification of corporate tax rates and making them the most competitive in the world. India has deregulated areas like Drones, Space, Geo-spatial mapping and has brought reforms in the outdated telecom regulation related to the IT and BPO sectors.
“We did away with more than 25 thousand compliances in the year gone by”, he said. Mr Modi said, “Not only India is focusing on easing the processes in its quest for self-reliance, it is also incentivizing investment and production.
He also gave the example of cryptocurrency where related technologies and their challenges do not lend themselves to the decisions of any single country. He called to be on one page on this.