Following are the highlights of Prime Minister Narendra Modi’s speech at the inauguration of “Make in India Week” in Mumbai on Saturday. But I would say that the real test of foreign policy is in the handling of your neighbours. “My advice to you is to make India your centre if you want this century to be your century”, he said. Now India has become four dimensional, he said.
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Even more pressing, key legislation such as a services and goods tax and a bill for land acquisition are stuck in the parliament, just as competitors around the world such as Vietnam along with others step up reform efforts.
Allaying the fears of critics that unemployment was still rampant in the country, Modi said that the Indian job market is getting strengthened. There are huge opportunities. “When you see that background, you will then realise why Arya Samaj was established then”, the Prime Minister said. US experts are helping to create the master plan for one of the proposed smart cities, the port of Visakhapatnam, and providing technical support for two others. “We are working towards making taxing regime transparent, stable and predictable”, Modi said in his address at the inaugural event of the “Make in India” week.
India and Pakistan have fought three wars since independence and partition in 1947, two over Kashmir.
Consumer prices rose 5.69 percent in January from a year earlier after a 5.61 percent increase in December, the Statistics Ministry said in a statement on Friday. “I would like to invite all those who are here and those not here to participate and make it your century”.
Recalling Gujarat’s long association with Poland, Modi discussed cooperation in food processing, clean energy and transportation sectors with Deputy PM Piotr Glinski.
Speaking to the India Today, Singh said the Modi government should use India’s improving fiscal balances to raise investment in the economy and raise credit availability to businesses.
Modi promised huge growth in the manufacturing sector which, he said, should contribute 25 per cent to the GDP. “It’s contribution to to the global growth is 68 percent higher than its share of world economy”, he said, amid applause from the audience, which included chief ministers, ambassadors, industrialists and policy-makers.
“India has consistently been ranked as most attractive investment destination by several global agencies”. States are now in healthy competition to provide ease of business and infrastructure linkages. Investment effectiveness ranking improved from 15 to 9.
The progress in India can be properly above 7 %, he stated, including main establishments like IMF, World Bank, ADB and OECD have projected a greater progress in the approaching years.
Modi said that his government’s focus is on how to use the power of the youth for the development of the nation. “Most of the FDI sectors have been put on an automatic approval route”.
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Detailing the initiatives of the government to boost manufacturing, Modi said steps had been taken to simplify processes and rationalise provisions for licences, security and environment clearances. “From licensing to offset regime and export regime, we have given what the defence industry was looking for”.
