PM Modi wants investments in India to benefit India and the world | Page 2 | Sunday Observer

PM Modi wants investments in India to benefit India and the world


The United States and India took the lead last week to spur global economic growth through entrepreneurship – putting the emphasis on women-led enterprises and businesses around the world.

Indian Prime Minister Narendra Modi said he is concerned over creating an environment of transparent policies and the rule of law providing a level playing field were necessary for entrepreneurship to flourish.

Inaugurating the Global Entrepreneurship Summit (GES) in Hyderabad, India on Tuesday he called upon entrepreneurs from across the globe to increase investments in India – for India and for the world.

He invited over 1,000 high profile business delegates from nearly150 countries who had flown into India for the GES to become a partner in India’s growth story, saying he would ‘I assure you of wholehearted support.’

Describing young entrepreneurs from India as vehicles of change and instruments of the country’s transformation, he said each of them had something valuable to contribute towards creating a new India by 2022.

Seeking to make the most of the forum that GES presented to highlight measures initiated by the government to improve business environment, towards better investor-friendly climate as well as to curb the parallel economy, tax evasion and black money, the Prime Minister said the efforts had been recognised by Moody’s recent upgrade of India government bond ratings.

“This upgrade comes after a gap of almost 14 years,” he said.

The three-day GES, co-hosted by the U.S. and Indian governments, is the first in the annual series to be travelling to South Asia, has ‘Women First, Prosperity for All’ as the theme. More than 50% of the delegates are women. The summit discussed promoting and developing entrepreneurs in the sectors such as healthcare and life sciences; digital economy and financial technology; energy and infrastructure; and media and entertainment. These are all important issues, relevant to the well-being and prosperity of mankind.

Prime Minister Modi said history has references to women of remarkable talent and determination. Taking some examples from India, he said, “Gargi, an ancient philosopher, around the seventh century BC, challenged a male sage to a philosophical discourse - something unheard of in those times. Our warrior queens like Rani Ahilyabai Holkar and Rani Lakshmibai fought bravely to defend their kingdoms. Our freedom struggle too is replete with such inspirational instances.”