India Ideas Summit : PM Modi Addressed the People of India & America, Highlights of PM Modi’s Speech
New Delhi : Prime Minister Narendra Modi addressed India Ideas Summit 2020 on Wednesday. In his address, Prime Minister Modi listed the benefits of investment in India. PM Modi invited America to invest in sectors like defense, insurance, health. PM Modi said that there cannot be a better time to invest in India. PM Modi said this while addressing the people of India and America.
Highlights of PM Modi’s Speech –
– PM Modi said that India is emerging as a country of opportunities. The Indo-US partnership can play an important role in bringing the world back on track after the epidemic. The ease of Living is as important as the ease of Business.
– PM Modi said that recent experiences have taught us that the global economy is also focused on efficiency and adaptation. India is contributing to the world through self-reliant India.
– Today, the world is looking towards India. This is because India presents the right mix of openness, opportunities and options.
– For the first time there are more rural internet users than the city. The option to invest in India is wide. India invites you to invest in the hard work of our farmers. We have recently made historical reforms in the agricultural sector.
Invited to invest in these sectors –
– Investment opportunities in agriculture, machinery, fisheries and organic products. Now is the best time to take the investment opportunities in the Indian agriculture sector.
– India invites you to invest in the healthcare sector. India’s healthcare sector is growing by 22% every year. Our companies are also making progress in medical technology, production of medicines.
– India and the United States have already built a strong partnership in the pharma sector. It is the best time to expand your investment in the Indian healthcare sector.
– India invites you to invest in energy. As India develops into a gas-based economy, there will be huge investment opportunities for American companies. There are also opportunities in the clean energy sector to generate more energy.
– PM said that you are invited to invest in the infrastructure sector in India. The largest infrastructure construction is going on in India.
– There is a lot of potential in civil aviation as well. The number of air passengers is expected to more than double within eight years.
– We also welcome you to invest in defense and space. We are increasing the FDI cap to 74% for investment in the defense sector.
– India invites you to invest in finance and insurance. India has increased FDI cap to 49% for investment in insurance. Now, 100% FDI is allowed in insurance.
– We approved reforms for investment in the space sector a few weeks ago. Let us be a part of these upcoming fields.
– India has attracted more than 20 billion dollars of foreign investment during April to July during Corona. India offers many more opportunities.
– America and India are better partners. India and America are two vibrant democracies with shared values.