PM Modi jointly inaugurate The ET Asian Business Leaders’ Conclave 2016 with Malaysian PM, Najib Razak
Under the leadership of Prime Minister Najib, Malaysia is moving towards its goal of achieving developed country status by 2020: PM
Close relations with Malaysia are integral to the success of our Act East Policy: PM
The 21st Century is the Century of Asia: PM
India is currently witnessing an economic transformation: PM
We have now become the 6th largest manufacturing country in the world: PM
We are now moving towards a digital and cashless economy: PM
India is currently buzzing with entrepreneurial activity like never before: PM
Our economic process is being geared towards activities which are vital for generating employment or self-employment opportunities: PM
India is not only a good destination. It’s always a good decision to be in India: PM

His Excellency Dato Sri Mohammad Najib, Honble Prime Minister of Malaysia,

Members of the Management of Economic Times,

Business Leaders,

Ladies and Gentlemen!

It is a great pleasure to jointly inaugurate The Economic Times Asian Business Leaders’ Conclave 2016 with His Excellency the Prime Minister of Malaysia.

The fact that the Economic Times has chosen Kuala Lumpur as the venue for this Conclave proves the importance of Malaysia as a commercial and business destination.

My best wishes for the Conclave!

 

Friends.

Under the leadership of His Excellency the Prime Minister, Malaysia is moving towards its goal of achieving developed country status by 2020.

It has also shown resilience in coping with the global economic situation.

The timeless ties between India and Malaysia are reinforced by the presence of a large Indian community.

A recent symbol of our historic links is the Torana Gate in the heart of Kuala Lumpur which connects two great nations and two great cultures.

In recent times, we have forged a Strategic Partnership.

My visit to Malaysia in November last year served to reinforce this strategic engagement across a range of areas.

Close relations with Malaysia are integral to the success of our Act East Policy.

India’s initiatives including a Project Development Fund and Line of Credit have given a huge fillip to India-ASEAN cooperation.

 

Friends.

The leaders of ASEAN countries have led efforts for better integration among the countries of the region.

This initiative to bring the business leaders of Asia together is therefore very timely.

I have said on many occasions that the twenty first century is the century of Asia.

Asia where there are Hands to work, Homes to Consume and Heads have the Humility to learn.

Despite unfavourable and uncertain global economic environment, the growth prospects of the Asian region have been a ray of hope.

 

Friends.

India is currently witnessing an economic transformation.

It is not only one of the fastest growing large economies in the world. It is also marked by initiatives centered around:

- ease of doing business

-making governance transparent and efficient

-reducing regulatory overburden

 

Presently, cleaning the system from black money and corruption is very high on my agenda.

This comes closely after digitisation and introduction of GST.

The outcomes of our efforts are visible from Indias global rankings on various indicators.

India’s rank has gone up in World Bank’s Doing Business Report.

We are fast closing the gap between business practices in India and the best in the world.

We are ranked third in the list of top prospective host economies for 2016-18 in the World Investment Report 2016 released by UNCTAD.

Our rank improved by 32 positions in World Economic Forum’s ‘Global Competitiveness Report 2015-16 and 2016-17’;

We improved 16 places in ‘Global Innovation Index 2016’ and 19 positions in the World Bank’s ‘Logistics Performance Index of 2016’.

We have opened up new sectors for FDI and enhanced caps for existing sectors.

Our concerted efforts on major FDI policy reforms continue, and conditions for investment have been simplified.

The results are there for all to see.

Total FDI inflows in the last two and a half years have touched US Dollars 130 billion.

Highest ever FDI inflows were received during the last year.

The increase in FDI equity inflows in the last two financial years was 52 per cent as compared to previous two financial years.

Sources and sectors in which FDI is coming have also greatly diversified.

Our ‘Make in India initiative which celebrated its second anniversary this year, is aimed at making India a global hub of manufacturing, design and innovation.

I would like to highlight some of our achievements:

We have now become the sixth largest manufacturing country in the world.

Our Gross Value Added in manufacturing has recorded a growth of 9.3 per cent in 2015-16.

51 cold chain projects have been completed in the last two years and six Mega Food Parks have been opened since 2014;

19 new textile parks have been sanctioned and 200 new production units have come up in existing textile parks in the last 2 fiscal years.

This year saw 90 per cent jump in number of mobile phone units manufactured in India;

Leading global players in the auto sector have setup various new assembly lines and Greenfield units.

 

Friends.

Our efforts to ensure Ease of Doing Businessin India have been comprehensive and wide ranging, including legislative and structural.

I am happy to share that:

The constitutional amendment for Goods and Services Tax has been passed.

This is expected to be implemented in 2017.

We are moving towards a digital and cashless economy.

Our licensing regime has been greatly rationalised.

We have launched Single Window Interfaces for registering a business, EXIM clearances and Labour compliance.

Procedures involved in getting utilities like water and electricity are being simplified.

An investor facilitation cell has been created to guide and assist the investors.

Our partnership with the State Governments has also enhanced considerably since the launch of Make in India.

In association with the World Bank, the States were ranked on the basis of their business policies and procedures on agreed parameters in 2015.

This was further expanded in 2016.

We have adopted for the first time ever, a comprehensive National Intellectual Property Rights policy to lay a future roadmap for intellectual property.

We have also taken major steps to kick-start the process of ‘creative destruction’.

We are making it easier for companies to restructure and exit.

The enactment and implementation of the Insolvency and Bankruptcy Code is a crucial step towards ease of exit in India.

New Commercial Courts are being set up to fast track resolution of commercial disputes.

Arbitration laws have also been amended to fast track the proceedings.

 

Friends.

India is currently buzzing with entrepreneurial activity like never before.

Start-ups are the next big economic force in India and are no less than a revolution.

Our Start-up India program aims to unleash our potential in this area.

Our economic process is being geared towards activities which are vital for generating employment or self-employment opportunities.

This is the only way to reap the demographic dividend.

Through the Skill India initative and its various components, we are trying to synergise the skills to the market requirements.

Building futuristic infrastructure is the biggest task at hand.

We are developing a pentagon of industrial corridors across the country.

There is immense focus on removing the logistic constraints across the country.

Roads, railways, ports are being upgraded across the country.

To finance such infrastructure, we have set up the National Investment and Infrastructure Fund in collaboration with foreign funds.

 

Friends.

This is a time for integration.

 Integration cannot happen without openness.

 India has always been open at the heart.

Now, at the level of economy also, we are among the most open and integrated economies.

We welcome those who are not there in India so far.

 I personally assure you that I shall be there when you need me.

 India is not only a good destination;

 It is always a good decision to be in India.

Thank You!

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Today I have come to speak on a very important subject, especially to the mothers, sisters, and daughters of the country! Today every citizen of India is watching how the flight of women power has been stopped. Their dreams have been ruthlessly crushed. Despite our utmost efforts, we could not succeed, the amendment to the Nari Shakti Vandan Act could not be passed! And for this, I seek forgiveness from all the mothers and sisters.

Friends,

For us, national interest is paramount, but when for some people party interest becomes everything, when party interest becomes bigger than national interest, then women power and national interest have to bear the consequences. This time too, the same has happened. The selfish politics of parties like Congress, DMK, TMC, and Samajwadi Party has harmed the women power of the country.

Friends,

Yesterday, the eyes of crores of women in the country were on Parliament, the women power of the nation was watching. I too felt very sad to see that when this proposal in favor of women fell, parties like Congress, DMK, TMC, and SP, family-oriented parties, were clapping with joy. By snatching away the rights of women, they were thumping the tables. What they did was not just thumping on the tables, it was a blow to the self-respect and dignity of women. And women forget everything, but they never forget their insult. Therefore, the pain of the behavior of Congress and its allies in Parliament will always remain in the hearts of women. Whenever the women of the country see these leaders in their areas, they will remember that it was these very people who celebrated in Parliament when women’s reservation was stopped, they rejoiced. To those parties who opposed the Nari Shakti Vandan amendment in Parliament yesterday, I will say clearly: these people are taking women power for granted. They are forgetting that the women of the 21st century are watching every event in the country, they are sensing their intentions, and they have fully understood the truth. Therefore, for opposing women’s reservation, the sin committed by the opposition will surely bring punishment to them. These parties have also insulted the sentiments of the framers of the Constitution, and they will not escape the punishment from the people either.

Friends,

The Nari Shakti Vandan amendment was not about taking anything away from anyone. The Nari Shakti Vandan amendment was about giving something to everyone, it was an amendment to give. It was about giving women the right that has been pending for 40 years, from the 2029 Lok Sabha elections onwards.

The Nari Shakti Vandan amendment was a great effort to give new opportunities, new flight, and to remove obstacles from the path of the women of 21st century India. It was a sacred effort made with clear intent and honesty to give rights to 50% of the country’s population. It was an effort to make women co-travelers in India’s journey of development and to include everyone. The Nari Shakti Vandan amendment is the demand of the time. The Nari Shakti Vandan amendment was an effort to equally increase the strength of every state, North, South, East, West. It was an effort to give more strength to the voice of every state in Parliament. Whether the state is small or big, whether the population is less or more, it was an effort to increase everyone’s strength in equal proportion. But this honest effort has been subjected to foeticide in Parliament by Congress and its allies, foeticide. Congress, TMC, Samajwadi Party, DMK—these parties are guilty of this foeticide. They are criminals against the Constitution of the country, they are criminals against the women power of the country.

Friends,

Congress hates the subject of women’s reservation, it has always conspired to stop women’s reservation. Every time efforts were made in this direction, Congress obstructed them. This time too, Congress and its allies relied on one falsehood after another to stop women’s reservation. Sometimes about numbers, sometimes in other ways, Congress and its allies tried to mislead the country. By doing so, these parties have revealed their true face before the women power of India. They have removed their mask.

Friends,

Personally, I had hoped that Congress would correct its decades-old mistake. Congress would repent for its sins. But Congress lost the opportunity to create history, to stand in favor of women. Congress has already lost its existence in most parts of the country. Congress is surviving like a parasite, riding on the back of regional parties. But Congress does not even want regional parties to grow stronger, so Congress conspired politically to push the future of many regional parties into darkness by making them oppose this amendment.

Friends,

Congress, Samajwadi Party, DMK, TMC, and other parties have, for so many years, every time created the same excuses, the same false arguments, always inserting some technical snag, and they have looted the rights of women. The country has understood this ugly pattern of politics, and it has also understood the reason behind it.

Brothers and sisters,

One big reason for the opposition to the Nari Shakti Vandan Act is the fear of these family-oriented parties. They fear that if women become empowered, then the leadership of these family-oriented parties will be in danger. They will never want women outside their families to move forward. Today, in Panchayats and local bodies, thousands and millions of women have proven their capability. When they want to move forward into Lok Sabha and Legislative Assemblies, when they want to serve the country, these family-oriented parties feel insecure. After delimitation, there will be many more seats for women, women’s stature will increase, and that is why these people opposed the Nari Shakti Vandan amendment. The women power of the country will never forgive Congress and its allies for this sin.

My dear countrymen,

Congress and its allied parties are continuously, continuously lying about delimitation. They want to ignite the fire of division under this pretext. Because “divide and rule” politics is something Congress inherited from the British. And Congress is still running on that same path today. Congress has always fueled sentiments that create rifts in the country. Therefore, this lie was spread that delimitation would harm some states! Whereas the government has made it clear from the very first day that neither the proportion of participation of any state will change, nor will anyone’s representation be reduced. In fact, the seats of all states will increase in equal proportion. Yet Congress, DMK, TMC, and Samajwadi Party were not ready to accept this.

Friends,

This amendment bill was an opportunity for all parties and all states. If this bill had passed, Tamil Nadu, Bengal, Uttar Pradesh, Kerala, every state’s seats would have increased. But because of their selfish politics, these parties betrayed even the people of their own states. For example, DMK had the chance to make more Tamil people MPs and MLAs, to strengthen Tamil Nadu’s voice! But it lost that chance. TMC also had the chance to advance the people of Bengal. But TMC too lost that chance. Samajwadi Party had the chance to reduce the stain of its anti-women image. But SP missed it too. SP has already forgotten Lohia ji. By opposing the Nari Shakti Vandan amendment, SP trampled all of Lohia ji’s dreams underfoot. SP is anti-women reservation, and the women of UP and the country will never forget this.

Friends,

By opposing women’s reservation, Congress has once again proved one thing. Congress is an anti-reform party. For a developed India in the 21st century, whatever decisions, whatever reforms are necessary, whatever decisions the country takes, Congress opposes them, rejects them, obstructs them. This is the history of Congress and this is Congress’s negative politics.

Friends,

This is the same Congress that opposed the trinity of Jan Dhan–Aadhaar–Mobile. Congress opposed digital payments. Congress opposed GST. Congress opposed reservation for the poor in the general category. Congress opposed the law against triple talaq. Congress opposed the removal of Article 370. Our Constitution, our courts, have said that the Uniform Civil Code, UCC, is necessary, but Congress opposes that too. At the very mention of reform, Congress runs with placards of protest. Any work that strengthens the country, Congress puts all its strength into creating obstacles in it. Congress opposes One Nation One Election. Congress opposes driving out infiltrators from the country. Congress opposes purification of the voter list, SIR. Congress opposes reforms in the Waqf Board.

Friends,

Congress even opposed the CAA law that gave security to refugees. By lying and spreading rumors, it created a storm in the country. Congress obstructs the country’s efforts to end Maoist–Naxalite violence. Congress has had only one pattern: whenever a reform comes, lie, spread confusion. History is witness, Congress has always chosen this negative path.

Friends,

Whatever decision is necessary for the country, Congress sweeps it under the carpet. Because of this attitude of Congress, India has not reached the heights of development it deserves. At the time of independence, many other countries were freed along with us. Most of those countries went far ahead of us, and the reason was that Congress kept blocking every reform. Delay, diversion, obstruction—this was Congress’s principle, this was Congress’s work culture. Congress delayed border disputes with neighboring countries. Congress delayed water-sharing disputes with Pakistan. Congress delayed the decision on OBC reservation for 40 years. Congress delayed One Rank One Pension for soldiers for 40 years.

Friends,

This attitude of Congress has always caused great harm to the country. The nation has suffered from every opposition, every indecision, every deceit of Congress. Generations of the country have suffered. Today, all the major challenges before the country have arisen from this attitude of Congress. Therefore, this fight is not just about one law, this fight is against Congress’s anti-reform mentality, which is filled only with negativity. And I have no doubt that the women and daughters of the country will give a strong reply to this mentality of Congress.

Friends,

Some people are calling the breaking of the dreams of the women of the country a failure of the government. But this subject was never about success or failure, never about credit. I had said in Parliament too: let half the population get their rights, I will give the credit to the opposition by publishing advertisements with all their photos. But those who look at women with outdated thinking still stuck to their lies, remained firm!

Friends,

The fight to give women power participation has been going on for decades. For years, I too have been among those making efforts for it. So many women have raised this subject before me. So many sisters have written letters to me explaining everything. My country’s mothers, sisters, daughters—I know you are all sad today. I too share in your sorrow. Today, even though we did not get the required 66 percent votes to pass the bill, I know that 100 percent of the women power of the country has blessed us. I assure every woman of the country: we will remove every obstacle in the path of women’s reservation. Our courage is high, our determination unbreakable, and our resolve unwavering. The parties opposing women’s reservation will never be able to stop the women power of this country from increasing their participation in Parliament and Legislative Assemblies. It is only a matter of time. The BJP–NDA’s resolve for the empowerment of women power is intact. Yesterday we did not have the numbers, but that does not mean we lost. Our inner strength is invincible. Our effort will not stop, our effort will not pause. We will have more opportunities ahead. For the dreams of half the population, for the future of the country, we must fulfill this resolve. Thank you all very much.