Gujarat Chief Minister Shri Narendra Modi said that with the development friendly climate, a legacy and a spirit of business, transperant policies and pro-active government, People of Gujarat know how to create business opportunities.

Addressing the captains of industries and business of Karnataka State in Bangaluru in an interactive session, Shri Narendra Modi gave example of the TATA's Nano Car Project and said that there was overwhelming welcome to it because everyone in Gujarat saw an opportunity in the project which includes Auto-parts industry and employment. Support to TATA's Nano car project was part of an honest intention to provide support to the group and to honor the sentiments of the industry. Also, With the Nano car manufacturing in Gujarat, the State will have massive Global presence in manufacturing of surface transport systems and will be a partner in fulfilling the dream of millions of people to drive an affordable car, he said.

"In Gujarat investors feel at home," said Narendra Modi and added that continuity and transparency in policies lends confidence among the investors and reduces their transaction costs in doing business in Gujarat. It also enables the Government to take medium term as well as long term perspectives in setting ambitious goals for achieving high growth rate. A disciplined and contented work force provides an all pervading environment of industrial peace in the state. While Gujarat contributes 16% of the national industrial production, its share in the total man days lost in the country is a meagre 0.55%. Sound fiscal management has turned the state from a revenue deficit of Rs. 40.37 billion in 2004-05 into a revenue surplus of Rs. 23.40 billion in 2007-08.

Regarding the prime movers of future growth, he said that Gujarat has the country's longest coastline of1600 Km and there are functional modern ports servicing the hinteland of India and world markets like Middle East, South Africa and the Europe. Now the strategy is port-led development of the State and integrated coastal development. Gujarat already has one of the best infrastructures in the country in roads, railways and ports and is now aiming to make it world class. The State's strength has been a Public- Private Partnership model which the State has evolved, formalized and perfected over a decade. Interactive session

DMIC & DFC will lead to unprecedented boost in economic activities; he expressed confidence and also said that among new developments, the Government of India (GOI) has proposed the project of Dedicated freight Corridor (DFC) between Delhi and Mumbai. The area of 150 Kms on both sides of the DFC will be developed as the Industrial Corridor. 38% of the length of the DFC is falling in Gujarat. Along the Delhi-Mumbai Industrial Corridor (DMIC), six industrial nodes have been proposed for the state of Gujarat. Almost one third of the proposed investments of about 90 billion US dollars in DMIC is expected to take place in Gujarat alone. The six industrial nodes are being developed as Global Manufacturing and Commercial Hubs. All kinds of infrastructure both within and outside the nodes also have to be developed with global standards.

Shri Narendra Modi said that Gujarat was amongst the earliest states to enact an SEZ Act in 2004. State has offered complete labour flexibility to the units set up in SEZs in Gujarat. Today, as many as 55 SEZs have been approved in the state. Also, Gujarat is moving to become power surplus: The per capita consumption of electricity in Gujarat is almost three times the national average. The present generating capacity of 13,700 MW will be doubled in next five years to make Gujarat a power surplus state. Moreover, they are aiming at transformation of economy into a gas based economy through Gas Grid and their discovery in this sector. Gujarat has always been known for its quality of roads. The village Roads connectivity is as high as 98.86%. While the statewide road network today extends to 74,111 km, the targeted road length in next five years is 1,14,866 km with several express ways.

He said that Gujarat International Finance Tec City (GIFT) will lead to make Gujarat- An international financial hub: Gujarat has traditionally been a land of entrepreneurs with strong financial acumen. Gujaratis all over the world are active in the finance sector. Therefore, the Government of Gujarat has decided to set up a Finance City between Ahmedabad and Gandhinagar.

Regarding Speedy Communication “an added advantage to business, he said that Gujarat has the country's longest operational OFC network of more than 50,000 km. The state-owned Wide Area Network (GSWAN) is the largest IP based ICT network in the Asia-Pacific region and the second largest in the world, connecting 26 districts and 225 blocks through 12,000 nodes.

Alongwith physical and industrial infrastructure, the State Government is alive to the requirements of social infrastructure so as to provide an inclusive growth which adds to the quality of life of citizens and new comers. Government is presently working very hard on raising the human development index, he said.

The State is committed to address the issues of sustainable growth particularly the challenges of global warming and have set up cells to sensitize the Government machinery and the people about the challenge and to find out the strategies to reduce green house gas effects. They are keen to make Gujarat a global place for doing business and a place to live at; Shri Narendra Modi said and extended invitation to everyone to attend the Vibrant Gujarat: Global Investors' Summit-2009 which is the fourth bieannial in the series starting from 2003

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May 08, 2021

At the invitation of the President of the European Council Mr. Charles Michel, Prime Minister Shri Narendra Modi participated in the India-EU Leaders’ Meeting today.

The meeting was held in a hybrid format with the participation of leaders of all the 27 EU Member States as well as the President of the European Council and the European Commission. This is the first time that the EU hosted a meeting with India in the EU+27 format. The meeting was the initiative of the Portuguese Presidency of the Council of the European Union.

During the meeting, the leaders expressed their desire to further strengthen the India-EU Strategic Partnership based on a shared commitment to democracy, fundamental freedoms, rule of law and multilateralism. They exchanged views on three key thematic areas: i) foreign policy and security; ii) COVID-19, climate and environment; and iii) trade, connectivity and technology. They discussed forging closer cooperation on combating the COVID-19 pandemic and economic recovery, tackling climate change, and reforming multilateral institutions. India appreciated the prompt assistance provided by the EU and its member states to combat its second COVID wave.

The leaders welcomed the decision to resume negotiations for balanced and comprehensive free trade and investment agreements. Negotiations on both the Trade and Investment Agreements will be pursued on parallel tracks with an intention to achieve early conclusion of both agreements together. This is a major outcome which will enable the two sides to realise the full potential of the economic partnership. India and the EU also announced dedicated dialogues on WTO issues, regulatory cooperation, market access issues and supply chain resilience, demonstrating the desire to deepen and further diversify economic engagement.

India and the EU launched an ambitious and comprehensive ‘Connectivity Partnership’ which is focused on enhancing digital, energy, transport and people-to-people connectivity. The Partnership is based on the shared principles of social, economic, fiscal, climate and environmental sustainability, and respect for international law and commitments. The Partnership will catalyse private and public financing for connectivity projects. It will also foster new synergies for supporting connectivity initiatives in third countries, including in the Indo-Pacific.

India and the EU leaders reiterated their commitment to achieving the goals of the Paris Agreement and agreed to strengthen joint efforts for mitigation, adaptation and resilience to the impacts of climate change, as well as providing means of implementation including finance in the context of COP26. India welcomed the EU’s decision to join CDRI.

India and the EU also agreed to enhance bilateral cooperation on digital and emerging technologies such as 5G, AI, Quantum and High-Performance Computing including through the early operationalization of the Joint Task Force on AI and the Digital Investment Forum.

The leaders noted with satisfaction the growing convergences on regional and global issues, including counterterrorism, cybersecurity and maritime cooperation. The leaders acknowledged the importance of a free, open, inclusive and rules-based Indo-Pacific and agreed to closely engage in the region, including in the context of India’s Indo-Pacific Ocean’s Initiative and the EU’s new strategy on the Indo-Pacific.

Coinciding with the Leaders’ Meeting, an India-EU Business Roundtable was organised to highlight the avenues for cooperation in climate, digital and healthcare. A finance contract of Euro 150 million for the Pune Metro Rail Project was signed by the Ministry of Finance, Government of India, and European Investment Bank.

India-EU Leaders Meeting has set a significant milestone by providing a new direction to the Strategic Partnership and giving a fresh impetus for implementing the ambitious India-EU Roadmap 2025 adopted at the 15th India-EU Summit held in July 2020.