If you want returns with reliability, India is the place to be: PM Modi

Published By : Admin | November 5, 2020 | 19:10 IST
India has shown remarkable resilience in this pandemic, be it fighting the virus or ensuring economic stability: PM
India offers Democracy, Demography, Demand as well as Diversity: PM Modi
If you want returns with reliability, India is the place to be: PM Modi

Namaste. Greetings on the festival season.

I am delighted to welcome you.I am happy to see your eagerness  to enhance your engagement with us.I hope that our better understanding of each other's perspectives,will result in a better alignment  of your plans and our vision.

Friends,

Through this year, as India bravelyfought  the global pandemic, the world saw India's national character.The world also saw India's true strengths.It successfully brought  outtraits  that Indians are known for:A sense of responsibility.A spirit of compassion.National unity.The spark of innovation.India has shown remarkable resilience  in this pandemic, be it fighting the virus or ensuring economic stability.This resilience  is drivenby the strength of our systems,  support of our people and stability of our policies.It is because of the strength of our systems, that we could provide food-grains to around 800 million people, Money to 420 million people, and free cooking gas to around 80 million families.It is because of the support of the people who practice social distancingand wearing  of masks that India has given such a strong fight to the virus.It is because of the stability of our policies that India has emerged as one of the world's preferred  investment destinations.

Friends,

We are building a New India which is free of old practices.Today, India is changing and for the better.From fiscal Irresponsibility   to fiscalprudence, from High inflation to low inflation, from reckless  lending creatingNon performing assets to merit based lending, from infrastructure deficit  to infrastructure surplus, from mis-managed urban growth to holistic  and balanced growth and from physical to digital infrastructure.

Friends,

India's questto become  aatmnirbharis not just a vision but a well-planned economic strategy.A strategy that aims to use the capabilities of our businesses and skills of our workers to make India into a global manufacturing power-house,A strategy that aims to use our strength in technology to become the global centre for innovations,A strategy that aims to contribute to global development using our immense human resources and their talents.

Friends,

Today, investors are moving towards companies which have a high Environmental, Social and Governance score. India already has systems and companies which rank high on this. India believes in following the path of growth with equal focus on ESG.

Friends,

India offers you Democracy, Demography, Demand as well as   Diversity. Such is our diversity  that you get multiple markets withinone market.These come with multiple pocket sizes and multiple preferences.These come with multiple weathers  and multiple levels of development.This diversity  also comes with open minds and open markets, in a democratic, inclusive  and law-abiding  system.

Friends,

I am aware that I am addressing some of the best financial brains.The ones who can convert new areas of innovation and growth into sustainable business propositions.At the same time, I am conscious  of your requirement to provide the funds in your trust, the best and safest long-term returns.

ThereforeFriends,

I would like to emphasise  that our approach is of finding long-term and sustainable solutions for issues. Such an approach mixes very well with your requirements.Let me explainusing a few examples.

Friends,

We have taken multiple initiatives to improve our manufacturing potential.We ushered  inOne nation and one tax system in the form of GSTOne of the lowest corporate tax rates, and an added incentive for new manufacturing.Face-less regime  for income tax assessment and appeal.A new labour laws regime  balancing the welfare of workers and ease of doing business for the employers.Production Linked Incentive schemes in specific sectors.An Empowered Institutional arrangement tohand-hold investors.

Friends,

We have an ambitious  planto invest Dollars one point five trillion under the National Infrastructure Pipeline .A pioneering  multi-modal connectivity infrastructure master plan is being finalized.India has embarked on a massive infrastructure buildingspree  of highways, railways, metros, water-ways, airports across the country.We are building  millions of affordable  houses for the Neo-middle class.We want investments  not just in big cities but smaller cities and towns too.Gift City in Gujarat is a good example of that.We are implementing mission-mode schemes for development of such cities.

Friends,

Just like our strategy for strengthening manufacturing base and for buildingworld-class infrastructure, our strategy for financial sector has also been holistic .Some of the major steps undertaken by us includeComprehensive  banking sector reforms.Strengthening of financial markets.Unified authority for the International Financial Services Centre.One of the most liberal  FDI regime .A benign  tax regime  for foreign capital.Suitable policy regimes  for investment vehicles like Infrastructure Investment Trust and Real Estate Investment Trust.Implementation of Insolvencyand Bankruptcy  Code.Financial empowerment through Direct Benefit Transfer and fin-tech based payment systems like Ru-Pay cards and BHIM-UPI.

Friends,

Initiatives around innovation and digital have always been at the centre of government policies and reform.We have one of the largest number of start-ups and unicorns  in the world.We are still growing very fast.The growth rate in 2019 translates into an average of 2 to 3 start-ups getting set-up every day.

Friends,

Our government has taken various steps to enable privateenterprise to flourish .Strategic disinvestment and monetization  of assets  on a scale not seen before.Historic decision to bring down our share in public sector undertakings to below 51 percent.Policy regimes  for private participation in new sectors like coal, space, atomic energy, railways, civil aviationand defence.New Public Sector Undertakings Policy for a rationalized foot-print of public sector.

Friends,

Today, each sector in India is looking up- manufacturing, infrastructure, technology, agriculture, finance and even social sectors like health and education.Our recent reforms in agriculture open up new  possibilities to partner with the farmers of India.With the help of technology and modern processing solutions, India will soon emerge as an agriculture export hub.National Education Policy allows setting up of foreign universities campus here.National Digital Health Mission provides scope for fin-techs.

Friends,

I am happy that global investor community has been showing confidence in our future.The last 5 months have seen a 13 percent rise in FDI inflows compared to last year.Your active participation in this round-table increases the confidence even more.

Friends,

If you want returns with reliability, India is the place to be.If you want demand with democracy, India is the place to be.If you want stability with sustainability, India is the place to be.If you want growth with a green approach, India is the place to be.

Friends,

India's growth has the potential tocatalyseglobal economic resurgence .Any achievement by India will have a multiplierimpact on World's development and Welfare.A strong and vibrant India can contribute to stabilization  of the world economic order.We will do whatever it takes to make India the engine of global growth resurgence .There is an exciting  period of progress ahead.I invite you to be a part of it.

Thank you very much!

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PM Modi delivers a stirring address to an enthusiastic crowd at a public meeting in Aligarh, UP
April 22, 2024
Today, under Yogi ji's governance, peace reigns, and our sisters and daughters walk freely, without fear: PM Modi
Parties like Congress-SP always practised appeasement politics: PM Modi taking a jibe at the Opposition
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You hold the key to a better future and a Viksit Bharat: PM Modi at a public meeting in Aligarh

At the Aligarh event, Prime Minister Narendra Modi was greeted with love and admiration from all corners of Uttar Pradesh. He shared his transparent vision of a Viksit Uttar Pradesh and a Viksit Bharat with the crowd, reaffirming his commitment to serving every citizen of the country.

Initiating his spirited speech, the PM remarked, “When I first came to Aligarh, I asked you to lock away the factories of nepotism, corruption, and appeasement. You locked them so tight that even the two Shehzaades can't find the key. Today, I'm back to urge the people of Aligarh and Hathras. You hold the key to a better future and a Viksit Bharat. It's time to rid our country of poverty, corruption, and dynastic politics.”

Painting a vivid contrast, PM Modi highlighted the stark difference: "Once, bombs and shells rattled our borders daily, but now, all is calm. Terrorist attacks and serial blasts were routine, but not anymore. Under Article 370, separatists thrived in Jammu and Kashmir, but now they're silenced. Curfews were a daily ordeal in Aligarh, but not anymore. Under the SP government, riots, murders, and gang wars plagued us. Today, under Yogi ji's governance, peace reigns, and our sisters and daughters walk freely, without fear."

“Parties like Congress-SP always practised appeasement politics and never did anything for the political-social-economic upliftment of Muslims,” the PM added.

PM Modi enlightened the audience about several developmental initiatives aimed at uplifting various sections of society, PM Modi reflected that he had requested the Crown Prince of Saudi Arabia to increase the Haj quota. “Today, not only has India's Haj quota increased but visa rules have also been made easier. The government has also allowed women to go for Haj without Mehram,” the PM mentioned.

Taking a firm stand against the opposition and their selfish motives, PM Modi emphasized, “The INDI Alliance members are hopeless, unwilling to look towards the future. They question why I speak of a developed India or making us the third-largest economic power. All they care about is their family and power greed.”

“Today, I must warn the people of Aligarh and the nation about the dangerous intentions of the Congress and INDI Alliance. The Congress and its allies have set their sights on your hard-earned money and property. The Congress leader has openly declared that if they come to power, they will investigate everyone's earnings and property, even down to how much gold women possess, how many FDs employees have, and how much land farmers own. They plan to confiscate property and money as they see fit, based on a survey they conduct. This is akin to communist ideology, which has ruined many countries. Now, they want to implement this policy in India. They want to seize your hard-earned money and property. These family-oriented politicians have amassed vast fortunes by looting the people. They have never shared their wealth with the poor. Now, they have their eyes on the wealth of the people,” the PM exposed the harsh realities of the opposition.

Training his guns further at Congress, PM Modi asserted, “The Congress considers it its birthright to plunder the wealth of the people, loot the nation's assets. The Congress, which engaged in corruption in every defence purchase, could never have built a defence corridor here. But now, our Uttar Pradesh is now becoming a major hub of self-reliant India, a self-reliant army. Just a few days ago, we exported the first batch of BrahMos missiles to the Philippines. In the coming days, these lethal BrahMos missiles will also be manufactured in Uttar Pradesh.”

Stressing how the BJP is strengthening the power of every industry in the region, PM Modi remarked, “BJP is supporting the One District One Product initiative to boost your work. Whether it's the locks of Aligarh, the asafoetida of Hathras, metal industries, garment industries, or gulal industries, the BJP government is dedicated to bolstering every sector.”

PM Modi also spoke about several development schemes that empower both agriculture and farmers here, stating, “BJP has also pledged in its Sankalp Patra to establish special storage clusters for potato, tomato, and onion farmers, which will greatly benefit the farmers of Aligarh and Hathras.”

In his concluding remarks, PM Modi exhorted the people of Aligarh and Hathras, “Now, to build a developed India, we need a strong government in India. For this, you need to vote for the BJP, vote for the NDA. I have one more request for you. Go door-to-door, tell them that Modi ji has said, ‘First vote, and then refreshment’.