New Delhi:5/11/20: Prime Minister Narendra Modi has said that a strong and vibrant India can contribute to stabilization of the world economic order.
Chairing the Virtual Global Investor Roundtable this evening, Mr. Modi said, we will do whatever it takes to make India the engine of global growth resurgence. He said India is the place if investors want returns with reliability, demand with democracy, stability with sustainability, and growth with a green approach.
The Prime Minister said the recent reforms in agriculture opened up new exciting possibilities to partner with the farmers of India. He said, with the help of technology and modern processing solutions, India will soon emerge as an agriculture export hub.
Mr. Modi said, India offers you Democracy, Demography, Demand as well as Diversity. He said, such as the diversity that you get multiple markets within one market and these come with multiple pocket sizes and multiple preferences. He added that these come with multiple weather and multiple levels of development. The Prime Minister said, today, investors are moving towards companies that have a high Environmental, Social and Governance, ESG score. He said, India already has systems and companies which rank high on this count. Mr. Modi said India believes in following the path of growth with equal focus on ESG. He said India’s quest to become AatmaNirbhar is not just a vision but a well-planned economic strategy. The Prime Minister said it is a strategy that aims to use the capabilities of our businesses and skills of our workers to make India into a global manufacturing powerhouse.
He said, India has shown remarkable resilience in the COVID19 pandemic, be it fighting the virus or ensuring economic stability. Mr. Modi said this resilience is driven by the strength of the systems, support of the people, and stability of the policies. He said, through this year, as India bravely fought the global pandemic, the world saw India’s national character.
Mr. Modi said, the world also saw India’s true strengths. He said, it successfully brought out traits that Indians are known for, a sense of responsibility, a spirit of compassion, national unity, and the spark of innovation.
Virtual Global Investor Roundtable VGIR was organized by the Ministry of Finance and National Investment and Infrastructure Fund. It is an exclusive dialogue between leading global institutional investors, Indian business leaders, and the highest decision-makers from the Government of India and Financial Market Regulators. Union Finance Minister, Union Minister of State for Finance, and other dignitaries were also present on the occasion.
The Roundtable witnessed participation from twenty of the world’s largest pension and sovereign wealth funds with total Assets Under Management of about 6 trillion dollars. These global institutional investors represent key regions including the US, Europe, Canada, Korea, Japan, Middle East, Australia, and Singapore.