It is essential that there is an enabling ecosystem for investors to invest in the states, where it is free of the Inspector Raj: PM
Healthy competition among states would enhance the competitiveness of our industries on the global platform: PM
Today India stands out as a Business Friendly Destination: PM Modi

Prime Minister congratulated the Chief Minister of Himachal Pradesh for organizing this event.

Addressing the gathering, Prime Minister said, he is happy to welcome all the Wealth Creators to this meet.

He said earlier states were offering various discounts to attract investment and that the investors were waiting to see which State offered more concessions or discounts.

Prime Minister said that in the last few years states have realised that this competition of offering discounts or concessions to industrialists were of no benefit to anyone – either to the state or to the Industrialists.

He said it is essential that there is an enabling ecosystem for investors to invest in the states, where it is free of the Inspector Raj and the need of permits at every stage.

He said nowadays the States are competing to provide such an enabling ecosystem to the investors.

He added, over the past few years, several reforms such as ease of doing business, scrapping of obsolete laws were undertaken in this direction. He said healthy competition among states would enhance the competitiveness of our industries on the global platform.

Prime Minister said this would benefit the states, the local population and the country at large and India would progress at a very rapid pace.

He said Industry also likes a clean and transparent system and governments. Unwanted laws and Government interventions, he said, aid in halting the progress of the industry.

He said it is due to changes like these, India today stands out as a Business Friendly Destination.

He said, today the vehicle of development in India is moving ahead with a new thinking and new approach, on four Wheels of – “Society, Government which is encouraging New India, an Industry which is daring, and Knowledge with a motive of sharing”.

Prime Minister said, that, between 2014 and 2019 India improved 79 places in Ease of Doing Business Rankings. He said “Every year we are improving in each parameter. Improvement in these rankings means that our Government is making decisions after a thorough understanding of the needs at the grass roots level for the industry.” 

“This is not just an improvement in rankings but a major revolution in the way of doing business in India. In today’s global scenario, India is standing strong as we did not allow our economic fundamentals to become weak”, he said.

He said Industry is now provided with a proper exit route through robust Insolvency & Bankruptcy code.

He said the Union Government has taken a major decision for the benefit of middle class where in the Government has decided to restart the stalled housing projects across the country so that 4.58 Lakh families can now get their houses in which they have invested.

He the central government has also slashed Corporate Tax to 15% for new domestic companies.

He requested Industry and Global representatives to view India as one of the most favourable destination for investment.

Prime Minister said that the decision to invest over Rs 100 Lakh Crores for infrastructure development would benefit the state of Himachal Pradesh too.

He appreciated state government of Himachal Pradesh for undertaking several landmark initiatives for creating an investor friendly environment.

In this context, he mentioned steps taken by the state government, such as single window clearance system, sector specific policies, transparent system of land allotment etc are making it an attractive destination for investment.

Prime Minister described Himachal as having an immense potential for conference tourism.

Prime Minister also visited the exhibition show casing the investment potential and opportunities of Himachal Pradesh.

Prime Minster also released a coffee table book in this context.

Click here to read full text speech

Explore More
ಶ್ರೀರಾಮ ಜನ್ಮಭೂಮಿ ಮಂದಿರದ ಧ್ವಜಾರೋಹಣ ಉತ್ಸವ ಉದ್ದೇಶಿಸಿ ಪ್ರಧಾನಮಂತ್ರಿ ಅವರ ಭಾಷಣ

ಜನಪ್ರಿಯ ಭಾಷಣಗಳು

ಶ್ರೀರಾಮ ಜನ್ಮಭೂಮಿ ಮಂದಿರದ ಧ್ವಜಾರೋಹಣ ಉತ್ಸವ ಉದ್ದೇಶಿಸಿ ಪ್ರಧಾನಮಂತ್ರಿ ಅವರ ಭಾಷಣ
How PLI schemes, design in India and manufacturing excellence are transforming the architectural lighting industry

Media Coverage

How PLI schemes, design in India and manufacturing excellence are transforming the architectural lighting industry
NM on the go

Nm on the go

Always be the first to hear from the PM. Get the App Now!
...
Prime Minister Narendra Modi Chairs Second High-Level Meeting with Secretaries of Government of India
July 28, 2026
Sectors discussed: Finance and Economy, Commerce and Industry, and Technology
PM emphasises the need to break both horizontal and vertical silos within the Government
PM emphasises the importance of technological self-reliance and building domestic capabilities in critical sectors
PM encourages greater participation of young innovators and entrepreneurs in cybersecurity ecosystem
PM Stresses Proactive Outreach on Strategic Sectors to Counter Misinformation
PM says Govt must always remain youthful, dynamic and forward-looking, continuously adapting to new challenges and opportunities with agility and innovation
Secretaries share experiences and perspectives on key initiatives, emerging opportunities and implementation challenges

Prime Minister Shri Narendra Modi chaired the second high-level meeting with Secretaries to the Government of India at his residence at 7, Lok Kalyan Marg earlier today. He reviewed the future action agenda of Ministries and Departments dealing with Finance and Economy, Commerce and Industry, and Technology sectors. The meeting focused on accelerating progress towards the goals of Viksit Bharat.

Prime Minister called for a strong focus on team building across Ministries and Departments, urging officers to work with a shared sense of purpose. He emphasised the need to break both horizontal and vertical silos within the Government so that departments function in close coordination and deliver integrated outcomes.

Highlighting the importance of citizen-centric governance, Prime Minister said that the people of India must remain at the centre of governance. He reminded that every decision and policy should be guided by the interests and aspirations of the common citizen.

Prime Minister stressed that while India is making significant investments in infrastructure, equal priority must be given to developing indigenous technologies. He underscored the importance of technological self-reliance and building domestic capabilities in critical sectors.

Prime Minister underlined that energy security is closely linked with national security, economic stability and citizens’ welfare. Prime Minister said India must achieve self-reliance in the energy sector through innovation, diversification and accelerated capacity creation.

Emphasising that reforms are not merely a fashionable term but a continuous necessity for effective governance, Prime Minister stressed the need to reform processes, improve work culture and strengthen institutional efficiency.

Prime Minister said that growing use of technology must be accompanied by a strong focus on cybersecurity to safeguard digital systems and infrastructure. He stressed the need for constant vigilance against emerging cyber threats. He called for encouraging greater participation of young innovators and entrepreneurs in the cybersecurity ecosystem and emphasised that it should evolve into a nationwide movement.

Prime Minister also emphasised the importance of proactive communication on strategic sectors where the country is undertaking major initiatives, to counter misinformation and unfounded fears surrounding such efforts.

Prime Minister says that new academic courses should be planned in partnership with industry to equip the workforce with skills required by emerging and future industries. He also observed that a government must always remain youthful, dynamic and forward-looking, continuously adapting to new challenges and opportunities with agility and innovation.

The meeting featured detailed discussions by Secretaries on the progress, priorities and implementation issues across their respective domains. The meeting was attended by the Cabinet Secretary, Secretaries of key Ministries and Departments, and senior officials from the Prime Minister’s Office.