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PM Modi chairs roundtable meeting with top American CEOs
American CEOs laud Govt for steps taken to improve ease of doing business in India
American CEOs appreciate PM Modi's push for infrastructure development and Digital India
Top American CEOs express keen interest in the Indian start-up sector
PM Modi outlines his vision for “Start-Up India, Stand-Up India"
Govt of India strongly supports Public-Private Partnership: PM Modi
Start-ups and innovation had been at the heart of the IT revolution: PM
PM Modi highlights India's economic successes over the last fifteen months

The Prime Minister, Shri Narendra Modi, today chaired a roundtable meeting with top American CEOs from the financial sector.

The CEOs present included Jamie Dimon, Chairman, CEO and President, JP Morgan; Steve Schwarzman, Chairman, CEO and Co-founder, Blackstone; Charles Kaye, Co-CEO, Warburg Pincus; Henry Kravis, Co-Chairman and Co-CEO, KKR; Bill Ford, CEO, General Atlantic; Peter Hancock, President and CEO, AIG insurance; Chase Coleman, Co-Founder and Managing Partner, Tiger Global; and Vicki Fuller, Chief Investment Officer, NY State Common Retirement Fund.

The CEOs expressed appreciation for the steps taken by the Prime Minister to improve ease of doing business, and his various initiatives including his push for infrastructure development and Digital India. Many CEOs expressed keen interest in the Indian start-up sector, and showed willingness to invest in entrepreneurial ventures and innovative start-ups. The CEOs mentioned taxation issues and residual bureaucratic bottlenecks as some of the concerns that still existed with regard to investment in India.

Making a strong pitch for increased investment in various sectors in India, the Prime Minister outlined his vision for “Start-Up India, Stand-Up India.” He said that along with the public sector and private sector, he was laying emphasis to individual start-ups and entrepreneurs – whom he referred to as the “personal sector.” He said start-ups and innovation had been at the heart of the IT revolution.

The Prime Minister expressed satisfaction that all the CEOs at the roundtable had not only spoken about India’s possibilities, but also voiced their confidence in them. He noted that they had articulated their concerns clearly.

The Prime Minister highlighted the economic successes over the last fifteen months. He said FDI in India had increased substantially over this period, a trend contrary to what was seen across most of the world, and this showed increased investor confidence in India.

The Prime Minister spoke of the ease of doing business rankings among states, that had been done by the World Bank. He said there was now a healthy competition among states in this area. The Prime Minister spoke of the Direct Benefit Transfer scheme for LPG subsidy, which had emerged as the largest DBT scheme anywhere in the world. The Prime Minister spoke of the liberalization of the FDI regime in sectors such as insurance, railways and defence.

The Prime Minister mentioned some specific sectors where there was great scope for innovative solutions in India, including insurance products for the agriculture sector and the health sector. He mentioned defence manufacturing, electronic goods manufacturing, renewable energy equipment, railways and metros, Clean India and Digital India as sectors where immense potential existed for investment. He said 50 million new houses by 2022, broadband connectivity for 600,000 villages, doubling of railway capacity and 175 Gigawatts of renewable energy generation were some of the concrete targets his Government had set, which created huge investment opportunities.

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PM Modi interacts with farmers from over 600 districts across India
June 20, 2018
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We are working towards ensuring that income of our hardworking farmers double by 2022: PM Modi
For the first time we have decided that MSP will be 1.5 times the input cost of farmers: PM Modi
The country has seen record production of pulses, fruits, vegetables and milk: PM Modi
Due to blue revolution, pisciculture has seen a jump of 26%: PM Modi
We are focussing on 'Beej Se Bazar Tak'. We are creating a system which benefits farmers from the time of sowing the seeds till selling the produce in markets: PM
Neem coating of urea has benefitted the farmers immensely, says PM Modi
Through e-NAM, farmers can now directly sell their produce in the markets; this has eliminated middlemen: PM Modi
We are promoting organic farming across the country, especially the eastern region: PM Modi

The Prime Minister, Shri Narendra Modi, today interacted with farmers across the country, through video bridge. Over 2 lakh Common Service Centres (CSC) and 600 Krishim Vigyan Kendras (KVK) were connected through the video dialogue. This is the seventh interaction in the series by the Prime Minister through video conference with various beneficiaries of Government schemes.

Expressing happiness in interacting with farmers from over 600 districts, Prime Minister said that farmers are the ‘Annadatas’ (food providers) of our nation. He said that the entire credit for nation’s food security should go to the farmers.

Prime Minister’s interaction with the farmers covered wide range of agriculturaland allied sectors like Organic Farming, Blue Revolution, Animal Husbandry, Horticulture, Floriculture etc.

Outlining his vision for farmers overall welfare in the country, Prime Minister said that government is working towards doubling the farmer’s income by 2022 and to provide farmers maximum price of their produce. He added that the effort is to ensure that farmers receive help during all steps of farming, from preparation of crops to its sales.He emphasized that Government is keenon ensuring minimal cost of raw material, providing fair value for the produce, stopping wastage of the produce and ensuring alternate sources of income for the farmers.

He said that the Government is committed that farmers should feel that from ‘Beej Se Bazaar’ (Seed to Market), how various initiatives helped the farmers to improve traditional farming.

Talking about the transformationof the farming sector, Shri Narendra Modi said that the agriculture sector has developed rapidly in the last 48 months. He added that there has been record production of milk, fruits and vegetables in the country during the period.

Government has also almost doubled the budget provision for agricultural sector (2014-2019) to Rs. 2,12,000crore compared to Rs. 1,21,000 during thepast five years of the previous government. Similarly, food grain production has increased to more than 279 million tonnes in 2017-2018 compared to average of 255 million tonnes during 2010-2014. The period also saw 26 % increase in fish farming due to Blue Revolution and 24% increase in Animal Husbandry and milk production.

Interacting with the famers’, Prime Minister said that to ensure the overall welfare of the farmer, government has provided Soil Health Cards;credit through Kisan Credit Cards; quality fertilizers through the provision ofNeem coated Urea, crop insurance through FasalBimaYojana and irrigation through Pradhan Mantri Krishi Sinchai Yojana. Under the PM Krishi Sinchai Yojana , about 100 irrigation projects are being completed across the country today and around 29 lakh hectare land has been brought under irrigation.

Government also started the e-NAM, an online platform, enabling farmers to sell their produce at the right price. In the past four years, more than 585 regulated wholesale markets have been brought under e-NAM.Government has also brought nearly 22 lakh hectare land is under organic farming, compared to just 7 lakh hectares in 2013-2014. Government also plans to promote North-East as the hub of Organic Farming.

During the interaction, Prime Minister expressed delight in the collective strength displayed by the farmers through the formation ofFarmer Producer Group and FPO (Farmer Producer Organisation), enabling them to get agricultural inputs at low cost and marketing their produce effectively. In the past 4 years, 517 Farmer Producer Organizations have been created and income tax exemption has been granted to Farmer Producer Companies, to encourage cooperatives amongst farmers.

Interacting with the Prime Minister, beneficiaries of various agricultural schemes explained howvarious government schemes helped improve production. Beneficiariesalso highlighted the importance of Soil Health Card and shared their experiences of cooperative movement.