New Delhi:
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
