PM Modi, Israeli PM Netanyahu co-chair first meet of CEOs forum
A new chapter has begun in India-Israel partnership driven by opportunities for betterment of lives of peoples of both countries: PM
PM Modi highlights 'Make in India', says steps being undertaken to make the country a global manufacturing hub
GST by far is biggest business and economic reform of India: PM Modi
Prime Minister Narendra Modi and Israeli PM Benjamin Netanyahu co-chaired the first meet of CEOs forum in Tel Aviv. Making his address at the business meet, PM Modi stated that a new chapter had begun in India-Israel partnership which was driven by opportunities for betterment of lives of peoples of both countries.
The PM added, "Israel is known as Start-up nation. It has a unique sense and ecosystem of innovation and incubation. Credit must go to the Israeli entrepreneurs." In this context, he highlighted Government of India's 'Make in India' initiative. He shed light on steps being undertaken to make India a global manufacturing hub.
Prime Minister Modi also spoke about measures GoI had taken for ease of doing business in India. He also spoke at length about GST. He said, "GST by far is biggest business and economic reform of India. Now, we're moving towards modern tax regime, which is transparent,stable and predictable."
"CEOs and talents of India and Israel together can sow seeds of miracles for betterment of world", PM Modi added further.
The leaders earlier also inaugurated India-Israel Innovation Bridge.
PM’s address at the foundation stone laying ceremony of Vanijya Bhawan
June 22, 2018
The Prime Minister, Shri Narendra Modi, today laid the foundation stone for Vanijya Bhawan, a new office complex for the Union Government’s Department of Commerce, at New Delhi.
The Prime Minister expressed confidence that the building will be completed well within the stipulated time. He emphasized that this would be in keeping with the spirit of New India, and moving away from old practices, under which important building projects, even in the Capital, had been inordinately delayed. In this context, he mentioned the Dr. Ambedkar International Centre, the Dr. Ambedkar National Memorial, the Pravasi Bharatiya Kendra and the new office building for the Central Information Commission.
He said that this is also the result of breaking silos within the working of the Government. He hoped that the new office building – Vanijya Bhawan – would further facilitate elimination of silos in India’s commerce sector. Speaking about the country’s demographic dividend, the Prime Minister said that it is our collective responsibility to fulfil the aspirations of our youth.
Talking of adoption of digital technology, the Prime Minister remarked that the land on which the new building is being constructed, was earlier occupied by the Directorate General of Supplies and Disposal. This has now been replaced by the Government e-Marketplace (GeM), which has seen transactions worth Rs. 8700 crore in a short time, he added. He urged the Department of Commerce to work towards further expansion of GeM, and leverage it for the benefit of the country’s MSME sector. He also spoke of the benefits of GST, and said the Union Government is making constant efforts to create a people-friendly, development-friendly and investment-friendly environment.
The Prime Minister mentioned various macro-economic parameters, and other indicators to explain how the India is now playing an important role in the global economy. He said India is now among the top five fin-tech countries, globally. He said subjects such as “Ease of Trading,” and “Ease of Doing Business,” are all related to “Ease of Living” in an interconnected world.
The Prime Minister emphasized the need for an increase in exports, and said that States must be made active partners in this effort. He said the Department of Commerce must resolve to raise India’s share in total global exports to at least 3.4 percent, from the current 1.6 percent. Similarly he said, efforts must be made to raise domestic manufacturing output, to reduce imports. In this context, he gave the example of electronics manufacturing. He said the Union Government has taken a number of steps to boost domestic manufacturing.