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Narendra Modi urged the global investors and businesses to invest in India

Newyork:25/9/19:Prime Minister Narendra Modi  urged the global investors and businesses to invest in India to avail the golden opportunity arising out of its huge market, its huge infrastructure ecosystem and a growing startup ecosystem.

In his keynote address at the third edition of Bloomberg Global Business Forum in New York, Prime Minister said his government is working towards improving the business environment in the country. He said India has cut corporate tax and has done away with 50 old laws that were detrimental to the development.

Talking about the banking sector reforms, Prime Minister said that the Insolvency & Bankruptcy Code has been formulated to strengthen the banks and 377 million people have been brought under the banking sector in the last 4 years.

He said, India has opened its defence sector like never before. 90% of FDI is through automatic route now.

Mr. Modi informed the forum, India is going to invest 1.3 trillion dollars in modern infrastructure in the coming years. He said, lakhs of crores of rupees are also being spent on improving the social infrastructure of the country and new infrastructure for future generations. India is rapidly defeating poverty and moving up in the ladder, increasing the purchasing power.

He said, the 4 factors that make India reliable for investors and make India unique are – Democracy, Demography, Demand and Decisiveness.

Exhorting the business leaders present there, the Prime Minister said ‘Your technology and our talent can change the world. Your scale and our skills can speed up global economic growth.’

On this occasion, Prime Minister also interacted with philanthropist and Bloomberg CEO Michael Bloomberg and said challenge before India is nuclear energy. He said if India gets the opportunity to produce nuclear energy that will revolutionalize its power needs.

Mr. Modi also highlighted steps taken towards promoting organic farming, Ayushman Bharat scheme, Digital India and Atal Tinkering Labs. Mr. Bloomberg said that the world needs a strong India.

Bloomberg Global Business Forum meet is an annual event organized by philanthropist Michael Bloomberg every year to share the ideas and visions of global leaders from public and private sectors on key issues. The theme of the third edition of the annual event in 2019 is – Restoring Global Stability.

In continuation of his vision to attract foreign investment and expand India’s economic cooperation, Prime Minister is now holding a round table conference with the top CEOs in New York.

About Ashok Palit

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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