NEW DELHI: Prime Minister Narendra Modi chaired the Virtual Thursday Global Investor Roundtable (VGIR) 2020 Conference in an attempt to attract investment to the country.
Addressing global investors virtually, the prime minister highlighted India’s potential to attract large investments in various sectors and invited them to be part of India’s growth story.
These are the key points of PM Modiaddress:
* Today, investors are moving towards companies that have a high environmental, social and governance score. India already has systems and companies that rank high in this: PM Modi
* Our recent reforms in agriculture open up exciting new possibilities for partnering with farmers in India. With the help of modern processing technology and solutions, India will soon emerge as an agricultural export hub – PM
* India’s quest to become AatmaNirbhar is not just a vision, but a well-planned economic strategy; a strategy that aims to use the capabilities of our businesses and the skills of our workers to turn India into a global manufacturing powerhouse: PM Modi
* India has shown remarkable resilience in this pandemic, either by fighting the virus or by ensuring economic stability. This resilience is driven by the strength of our systems, the support of our people, and the stability of our policies: PM Modi
* Due to the robustness of our system, we could provide food grains to around 800 million people, money to 420 million people, and free cooking gas to around 80 million families:
* A strong and vibrant India can contribute to the stabilization of the world economic order. We will do whatever it takes to make India the engine of global growth resurgence – PM
* If you want reliable returns, India is the place to be. If you want demand with democracy, India is the place to be: PM
* If you want stability with sustainability, India is the place to be. If you want green-focused growth, India is the place to be: PM
* A strategy that aims to use the capabilities of our companies and the skills of our workers to make India a global manufacturing powerhouse: PM
* India offers you democracy, demographics, diversity for investments: PM Modi
* The conference is attended by the world’s leading investors, including the world’s sovereign wealth funds and pension funds.
* Focuses on discussions of India’s economic and investment prospects, structural reforms, and the government’s vision to make the country a $ 5 trillion economy.
* The Indian side is represented by business leaders, financial market regulators, Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das.
* Global institutional investors, representing key regions such as the US, Europe, Canada, South Korea, Japan, the Middle East, Australia and Singapore, have participated in VGIR 2020. Some of these investors are engaging with the government for the first time.
* Some of the featured funds participating in the event are Temasek, AustralianSuper, CDPQ, CPP Investments, GIC, Future Fund, Japan Post Bank and Japan Bank for International Cooperation. Also included are Korean Investment Corporation, Nippon Life, Mubadala Investment Company, Ontario Teachers, Teachers Retirement Texas, and Pension Denmark.
* Apart from this, six major Indian industrialists: Deepak Parekh (HDFC), Dilip Shanghvi (Sun Pharma), Mukesh Ambani (RIL), Nadan Nilekani (Infosys), Ratan Tata (Tata Group) and Uday Kotak (Kotak Mahindra Bank) also shared his experience.
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