Prime Minister Modi’s Speech at Invest India Conference in Canada: Key Points | India News


NEW DELHI: Prime Minister Narendra Modi delivered the keynote address virtually Thursday at the Invest India Conference in Canada. The forum aims to give the Canadian business community a first-hand perspective of opportunities to invest in India and showcase India as an investment destination.
These are the key points of PM Modi’s leadership:
* There is one thing in common for most of the audience. You have people who make investment decisions. I want to ask you: What do you think before investing in a country? Does the country have a vibrant democracy? Does the country have political stability? Does the country have favorable investment and business policies? Does the country have a pool of qualified talent? The indisputable answer to all these questions is one: India.
* Bilateral relations between India and Canada are driven by our shared democratic values ​​and many common interests. The business and investment links between us are an integral part of our multifaceted relationship.
* Canada is home to some of the largest and most experienced infrastructure investors. Canadian pension funds were the first to start investing in India. Many of them have already discovered great opportunities in a variety of areas such as roads, airports, logistics.
* In the post-Covid world, you will often hear about various types of problems. Manufacturing issues, supply chain issues, PPE issues, etc. However, India has not let those problems be. We show resilience and emerge as a land of solutions.
* India is playing the role of pharmacy for the world. We have provided medicines to about 150 countries so far. During March-June of this year, our agricultural exports increased 23%. This happened while the entire country was in a strict lockdown.

* If you are looking to partner in the field of education, the place to be is India. If you are looking to invest in manufacturing or services, the place to be is India. If you are looking to collaborate in the field of agriculture, the place to be is India.
* India has embarked on a trinity of reforms in the fields of education, labor and agriculture.
* India has secured reforms in the field of labor and agriculture. They ensure greater participation by the private sector while strengthening government safety nets. These reforms will lead to a win-win situation for employers and working people.
* Reforms in the field of education will further enhance the talent of our youth. These reforms have also laid the groundwork for more foreign universities to come to India.
* Reforms in labor laws considerably reduce the number of labor codes. They are friendly to both employees and employers and will further increase the ease of doing business.
* Reforms in the field of agriculture are far-reaching. Not only will they give farmers more options, they will boost exports.
* The history of India is strong today and stronger tomorrow. Today, the FDI regime is very well liberalized.
We have created a friendly tax regime for sovereign and pension funds. We have carried out important reforms to develop a strong bond market.
* We are proactively monetizing assets in all sectors: airports, railways, highways, power transmission lines, etc. Real Estate Investment Trusts (REIT) and Infrastructure Investment Trusts (InvIT) have been fully enabled for asset monetization.

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