Cleaning the system of black money and corruption very high on my agenda, says PM Modi

Prime Minister Narendra Modi on Wednesday spoke via video conference at The Economic Times Asian Business Leaders Conclave 2016 in Kuala Lumpur. 

Here are the Live updates:

#India is not only a good destination. It’s always a good decision to be in India

#We welcome those who are not in India so far

#This is a time for integration...at the level of economy also, we are among the most open and integrated economies

#There is immense focus on removing the logistics constraints. Roads, railways, ports are being upgraded across the country

#Building futuristic infrastructure is the biggest task at our hand. We are developing a pentagon of industrial corridors across India

#Start-ups are the next big economic force in India and are no less than a revolution

#India is currently buzzing with entrepreneurial activity like never before

#We have adopted a comprehensive National Intellectual Property Rights policy to lay the future roadmap for intellectual property

#We have launched Single Window Interfaces for registering a business, export-import clearances and Labour compliance

#Our licensing regime has been rationalised greatly

#We are now moving towards a digital and cashless economy

#The constitutional amendment for Goods and Services Tax has been passed. This is expected to be implemented in 2017
#Our efforts to ensure ease of doing business in India have been comprehensive and wide ranging, including legislative and structural

#We have now become the 6th largest manufacturing country in the world

#‘Make in India’ which celebrated 2nd anniversary this year, is aimed at making India a global hub for manufacturing, design & innovation

#The positive change in policy, regulatory and investment environment in India is recognised by both domestic and foreign investors

#Total FDI inflows in the last two and a half years have touched US Dollars 130 billion

#Our concerted efforts on major FDI policy reforms continue and conditions for investments have been simplified

#We have opened up new sectors for FDI and enhanced caps for existing sectors

#The outcomes of our efforts are visible from India’s global rankings on various indicators

#Presently, cleaning the system from black money and corruption is very high on my agenda

#India is currently witnessing an economic transformation

#Despite unfavourable and uncertain global economic environment, the growth prospects of Asian region remain bright

#Asia is where there are Hands to work, homes to consume and heads have the humility to learn

#The 21st Century is  the Century of Asia

#The leaders of ASEAN countries have led efforts for better integration among the countries of the region

#India’s initiatives including a Project Development Fund and Line of Credit have given a huge fillip to India-ASEAN cooperation

#Close relations with Malaysia are integral to the success of our Act East Policy

#A recent symbol of our historic links is Torana Gate in the heart of Kuala Lumpur which connects two great nations & two great cultures

#The timeless ties between India and Malaysia are reinforced by the presence of a large Indian community

#Under the leadership of Prime Minister Najib, Malaysia is moving towards its goal of achieving developed country status by 2020

#Fact that ET has chosen Kuala Lumpur as the venue for this Conclave proves importance of Malaysia as a commercial & business destination

#It is a great pleasure to jointly inaugurate Economic Times Asian Business Leaders Conclave 2016 with His Excellency the PM of Malaysia