Home » Commerce and Industry » PM Modi inaugurates Global Investors’ Meet at Dharamshala

PM Modi inaugurates Global Investors’ Meet at Dharamshala

Prime Minister Narendra Modi today inaugurated the Rising Himachal, the Global Investors Meet 2019 at Dharamshala, Himachal Pradesh.

Prime Minister congratulated the Chief Minister of Himachal Pradesh for organizing this event.

Addressing the gathering, Prime Minister said, he is happy to welcome all the Wealth Creators to this meet.

He said earlier states were offering various discounts to attract investment and that the investors were waiting to see which State offered more concessions or discounts.

Prime Minister said that in the last few years states have realised that this competition of offering discounts or concessions to industrialists were of no benefit to anyone – either to the state or to the Industrialists.

He said it is essential that there is an enabling ecosystem for investors to invest in the states, where it is free of the Inspector Raj and the need of permits at every stage.

He said nowadays the States are competing to provide such an enabling ecosystem to the investors.

He added, over the past few years, several reforms such as ease of doing business, scrapping of obsolete laws were undertaken in this direction. He said healthy competition among states would enhance the competitiveness of our industries on the global platform.

Prime Minister said this would benefit the states, the local population and the country at large and India would progress at a very rapid pace.

He said Industry also likes a clean and transparent system and governments.

Unwanted laws and Government interventions, he said, aid in halting the progress of the industry.

He said it is due to changes like these, India today stands out as a Business Friendly Destination.

He said, today the vehicle of development in India is moving ahead with a new thinking and new approach, on four Wheels of – “Society, Government which is encouraging New India, an Industry which is daring, and Knowledge with a motive of sharing”.

Prime Minister said, that, between 2014 and 2019 India improved 79 places in Ease of Doing Business Rankings. He said “Every year we are improving in each parameter. Improvement in these rankings means that our Government is making decisions after a thorough understanding of the needs at the grass roots level for the industry.”

“This is not just an improvement in rankings but a major revolution in the way of doing business in India. In today’s global scenario, India is standing strong as we did not allow our economic fundamentals to become weak”, he said.

He said Industry is now provided with a proper exit route through robust Insolvency & Bankruptcy code.

He said the Union Government has taken a major decision for the benefit of middle class where in the Government has decided to restart the stalled housing projects across the country so that 4.58 Lakh families can now get their houses in which they have invested.

He the central government has also slashed Corporate Tax to 15% for new domestic companies.

He requested Industry and Global representatives to view India as one of the most favourable destination for investment.

Prime Minister said that the decision to invest over Rs 100 Lakh Crores for infrastructure development would benefit the state of Himachal Pradesh too.

He appreciated state government of Himachal Pradesh for undertaking several landmark initiatives for creating an investor friendly environment.

In this context, he mentioned steps taken by the state government, such as single window clearance system, sector specific policies, transparent system of land allotment etc are making it an attractive destination for investment.

Prime Minister described Himachal as having an immense potential for conference tourism.

Prime Minister also visited the exhibition show casing the investment potential and opportunities of Himachal Pradesh.

Prime Minister also released a coffee table book in this context.

UAE is the Partner Country for the Global Investor’s Meet. Over 1700 Business Delegates including 200 International delegates participated in the event.

About ppb

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

Finance Minister announces Government Reforms and Enablers across Seven Sectors under Aatma Nirbhar Bharat Abhiyaan

In her opening remarks during the 5th Press Conference here today on stimulus package to fight ...

Index Numbers of Wholesale Price in India (Base: 2011-12=100) for April, 2020

The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade is releasing ...

PM Modi announces special economic package worth Rs 20 lakh crore to kick-start economy

Prime Minister Shri Narendra Modi addressed the nation today. Recalling those who have died battling ...

Amid lockdown HIL (India ) limited eying big orders from African countries

Despite enormous logistic and other challenges posed by COVID-19 lockdown, HIL (India) limited, a PSU ...

Shri Goyal says that in the post-Covid era, there is going to be perceptible change in the global supply-chains, and India should be looking to capture significant share in the world trade.

Minister of Commerce and Industry & Railways Shri Piyush Goyal today, through Video Conferencing, held ...

Road Ministry launched dashboard containing list of Dhabas and Truck Repair Shops on its website

The Ministry of Road Transport and Highways (MoRTH) has created a dashboard link on its ...

Shri Nitin Gadkari Assures All Possible Support to Representatives of Footwear Industry

Union Minister for MSME and RT&H, Shri Nitin Gadkari has assured the Footwear Industry all ...

NALCO gets Mining Lease for Utkal-D Coal Block

 National Aluminium Company Limited (NALCO), the Navratna CPSE, and one of leading producer of alumina ...

Department of Commerce has Provided a number of Relaxations / Extensions of various Compliance Deadlines etc. to address Corona Pandemic Related Hardships of Exporters

In order to give relief to businesses and affected individuals amidst the stress caused by ...

CCI approves Joint Venture between Adani Green Energy Limited and Total S.A. in power generation through solar energy in India

The Competition Commission of India (CCI) approves formation of Joint Venture between Adani Green Energy ...

WP2Social Auto Publish Powered By : XYZScripts.com