(Image credit: First Post)
G20 Summit Indore
Currently, in Indore, the Pravasi Bharatiya Divas conference was held between 8 to 10th January, in which representatives of 80 countries joined. Overseas Indians from more than 80 nations around the globe are visiting Madhya Pradesh. They were welcomed in conformity with the traditions of Madhya Pradesh. The PM
(The PM addressed the Pravasi Bhartiya Divas in Indore. Image credit: ABP News)
And today the ongoing 11-12th January, Global Investors’ Summit commenced. Prime Minister Shri Narendra Modi addressed the Global Investorsâ€™ Summit 2023 in Indore, Madhya Pradesh via video message.
Addressing the gathering, the Prime Minister extended a warm welcome to all the investors and entrepreneurs and highlighted the role of Madhya Pradesh in building a developed India. He said,
â€œFrom faith and spirituality to tourism, from agriculture to education and skill development, Madhya Pradesh is a wonderful destination.â€
The Prime Minister pointed out that the summit is taking place at a time when the golden age of Indiaâ€™s Amrit Kaal has begun and we are all working together to build a developed India. As he expressed happiness for the confidence that every organization and expert in the world is showing in Indians, the Prime Minister remarked,
“When we talk about a developed India, it is not just our aspiration, but it is the resolve of every Indian.”
(Image credit: ABP News)
Giving examples of trust shown by global organizations, the Prime Minister highlighted the IMF which sees India as a bright spot in the global economy, and the World Bank which has expressed earlier that India is in a better position to deal with global headwinds than many other countries.
The Prime Minister credited Indiaâ€™s strong macroeconomic fundamentals and mentioned OECD which claimed that India will be among the fastest-growing economies in the G-20 group this year. Quoting Morgan Stanley, the Prime Minister said that India is moving towards becoming the worldâ€™s third-largest economy in the next 4-5 years. He further added that the CEO of McKinsey has declared that not just the present decade but the century itself belongs to India.
Throwing light on the â€˜Atma Nirbhar Bharatâ€™ campaign, the Prime Minister noted that India has become an attractive destination for investment where the path of â€˜Reform, Transform and Performâ€™ has been undertaken by India since 2014. The Prime Minister said,
“Even during a once-in-a-century crisis, we took the path of reforms.”
(Image credit: ABP News)
Highlighting the modern and multimodal infrastructural developments in the nation that give rise to investment possibilities, the Prime Minister informed that the speed of construction of National Highways has doubled in the last 8 years along with the number of operational airports in the country. The Prime Minister also touched upon the unprecedented improvement in the handling capacity and turnaround time of Indiaâ€™s ports. The Prime Minister said,
“Dedicated freight corridors, industrial corridors, expressways, logistic parks, these are becoming the identity of New Indiaâ€.
(Image credit: The Statesman)
Shining the spotlight on the rapidly growing strength of India in the world of manufacturing, the Prime Minister credited the Production Linked Incentive schemes where incentives worth more than Rs 2.5 lakh crore have been announced. Noting its popularity among manufacturers around the world, the Prime Minister informed that production worth Rs 4 lakh crore has taken place in different sectors so far where hundreds of crores of rupees have been invested in Madhya Pradesh. He noted the importance of the PLI scheme in making Madhya Pradesh a big pharma and textile hub.
â€œI urge the investors coming to MP to take maximum advantage of the PLI scheme”, the Prime Minister appealed.