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PM Narendra Modi attends business meeting in Geneva

Published By : Admin | June 6, 2016 | 13:49 IST
QuotePM Modi meets Swiss CEOs in Geneva, Switzerland
QuoteIndia's economy growing rapidly; Swiss strengths can be beneficial: PM to CEOs
QuoteIndia not just a market of 1.25 billion, but has the skills & a Govt which is open to business: PM to Swiss CEOs
QuoteIndia wants to have manufacturing of global standards. Hence, Swiss model of skill development very relevant: PM
QuotePM Modi discusses trade, technology, skill development, renewable energy with Swiss President

The Prime Minister, in his third leg of the five nation tour, held a business roundtable with Swiss CEOs in Geneva today. The focus was on deepening the economic ties as the CEOs across several sectors joined the meeting. A virtual who-is-who of the Swiss business including ABB, Lafarge, Novartis, Nestlé, Rieter, Roche etc. joined the Round Table with PM.

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Addressing the business leaders the Prime Minister said that India's economy is growing rapidly and the coming together of our development needs and Swiss strengths can be beneficial. He told that he is glad that the economic linkages between the two nations are strong and vibrant. The Prime Minister said that India is not just a market of 1.25 billion, we have skills and a government which is open to business. He added that India wants to have manufacturing of global standards and hence the Swiss model of skill development is very relevant to it.

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Earlier in the day, the Prime Minister reviewed the multifaceted bilateral ties between India and Switzerland with the Swiss President Schneider-Ammann. Collaboration in trade, technology, skill development, renewable energy were discussed during the talks. The Prime Minister shared the views that the common commitments, values, people-to-people and economic ties will take India-Switzerland relations to new heights.

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A group of Indian scientists and students at CERN also met the Prime Minister in Geneva today.

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Cabinet approves two multitracking projects across Indian Railways covering various states
June 11, 2025
QuoteThese initiatives will improve travel convenience, reduce logistic cost, decrease oil imports and contribute to lower CO2 emissions, supporting sustainable and efficient rail operations
QuoteThe total estimated cost of the projects is Rs 6,405 crore
QuoteThe projects will generate direct employment for about 108 lakh human-days during construction

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has approved Two projects of Ministry of Railways with total cost of Rs. 6,405 crore. These projects include:

1. Koderma – Barkakana Doubling (133 Kms) – The project section passes through a major coal producing area of Jharkhand. Furthermore, it serves as the shortest and more efficient rail link between Patna and Ranchi.

2. Ballari – Chikjajur Doubling (185 kms.) – The project line traverses through Ballari and Chitradurga districts of Karnataka and Anantapur district of Andhra Pradesh.

The increased line capacity will significantly enhance mobility, resulting in improved operational efficiency and service reliability for Indian Railways. These multi-tracking proposals are poised to streamline operations and alleviate congestion. The projects are in line with Prime Minister Shri Narendra Modiji’s Vision of a New India which will make people of the region “Atmanirbhar” by way of comprehensive development in the area which will enhance their employment/ self-employment opportunities.

The projects are result of PM-Gati Shakti National Master Plan for multi-modal connectivity which have been possible through integrated planning and will provide seamless connectivity for movement of people, goods and services.

The two projects covering seven Districts across the states of Jharkhand, Karnataka and Andhra Pradesh, will increase the existing network of Indian Railways by about 318 Kms.

The approved multi-tracking project will enhance connectivity to approx. 1,408 villages, which are having a population of about 28.19 lakh.

These are essential routes for transportation of commodities such as coal, iron ore, finished steel, cement, fertilizers, agriculture commodities, and Petroleum products etc. The capacity augmentation works will result in additional freight traffic of magnitude 49 MTPA (Million Tonnes Per Annum). The Railways being environment friendly and energy efficient mode of transportation, will help both in achieving climate goals and minimizing logistics cost of the country, reduce oil import (52 Crore Litres) and lower CO2 emissions (264 Crore Kg) which is equivalent to plantation of 11 Crore trees.