New Delhi, Nov 5: Prime Minister Narendra Modi on Thursday kick-started a major drive to attract global investment for making India a five trillion Dollar economy and said the government would do everything to make India the engine of global growth resurgence.
Addressing the Virtual Global Investor Roundtable (VGIR) 2020 the Prime Minister said India’s quest to become ‘Aatmanirbhar’ is not just a vision but a well-planned economic strategy, a strategy that aims at using capabilities of businesses and skills of workers to make India into a global manufacturing powerhouse.
He said a strong and vibrant India could contribute to stabilization of the world economic order and the government would do whatever it takes to make India the engine of global growth resurgence.
‘’If you want returns with reliability, India is the place to be. If you want demand with democracy, India is the place to be. If you want stability with sustainability, India is the place to be. If you want growth with a green approach, India is the place to be,’’ the Prime Minister told the investors.
He said India had shown remarkable resilience in COVID-19, whether it was fighting the pandemic or ensuring economic stability. This resilience was driven by the strength of the systems, people’s support and stability of government policies. ‘’It successfully brought out traits that Indians are known for: A sense of responsibility. A spirit of compassion. national unity, spark of innovation,’’ he added.
Throughout the year, he said, while India fought the pandemic, the world saw India’s national character and true strengths.
He said the recent reforms by India in agriculture open up new exciting possibilities to partner with the farmers of India. With the help of technology and modern processing solutions, India will soon emerge as an agriculture export hub, he added.
‘’India offers you Democracy, Demography, Demand as well as Diversity. Such is our diversity that you get multiple markets within one market. These come with multiple pocket sizes and multiple preferences. These come with multiple weathers and multiple levels of development,’’ he said.
He said today investors were moving towards companies having a high Environmental, Social and Governance score. ‘’India already has systems and companies which rank high on this. India believes in following the path of growth with equal focus on ESG,’’ he said.
He said India had a strategy that aims at using strength in technology to become the Global centre for innovations, a strategy to contribute to global development using the country’s immense human resources and their talents.