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Says India is becoming a leading attractions for Foreign Investment
India received over 20 Billion Dollars of Foreign Investment this year: PM
India offers affordability of geography, reliability and political stability: PM
India offers transparent and predictable tax regime; encourages & supports honest tax payers: PM
India being made one of the lowest tax destinations in the World with further incentive for new manufacturing units: PM
There have been far reaching reforms in recent times which have made the business easier and red-tapism lesser: PM
India is full of opportunities both public & private sector: PM

Prime Minister Shri Narendra Modi today delivered the Special Key Note Address at the US-India 2020 Summit through video conference.

The US-India Strategic Partnership Forum (USISPF) is a non-profit organization that works for the partnership between India and the U.S.

The Theme of the 5 day Summit that began on the 31st of August is “US-India Navigating New Challenges”.

Addressing the Summit, Shri Narendra Modi said the global pandemic has impacted everyone and that it is testing our resilience, our public health systems, our economic systems.

The current situation demands a fresh mind set. A mind set where the approach to development is human centric. Where there is a spirit of cooperation between everyone, he said.

Talking about the way ahead the Prime Minister said that the country is focussing on ramping up capacities, securing the poor and future proofing our citizens.

Referring to various steps taken to ramp up facilities for fighting COVID and to increase awareness amongst the citizens, the Prime Minister said all such early measures ensured that the country with 1.3 billion people and limited resources has one of the lowest death rates per million in the World.

He expressed his happiness that India’s business community, especially the small business has been proactive. Starting from almost nothing, they made us the second largest PPE kits manufacturer in the World, he said.

Referring to various reforms the Prime Minister said that the pandemic failed to impact the aspirations and ambitions of 1.3 billion Indians.

He said there have been far reaching reforms in the country in recent times which have made the business easier and red-tapism lesser.

Shri Narendra Modi said that work is actively underway on the world's largest housing program and that the renewable energy infrastructure is being expanded.

Prime Minister also referred to the boosting of the Rail, road and air connectivity.

He said India is creating a unique digital model to build a national digital health mission.

We are using the best of fin-tech to provide banking, credit, digital payments and insurance to millions. All these initiatives are being taken using world-class technology and global best practices, he said.

Shri Modi said that the pandemic has shown the world that decision on developing global supply chains should be based not only on costs. They should also be based on trust. Along with affordability of geography, companies are now also looking for reliability and policy stability. India is the location which has all of these qualities.

Owing to these, he said, India is becoming one of the favourable destinations for Foreign Investment.

He said be it America, the Europe, Australia or the Gulf the world believes in us. We have received over 20 billion dollars of foreign investment flows during this year. Google, Amazon and Mubadala Investments have announced long-term plans for India.

Prime Minister referred to the transparent and predictable India offers and how the system encourages and supports honest tax payers. He said, India’s GST is unified, fully enabled indirect tax system.

Shri Modi referred to the Insolvency and Bankruptcy Code which reduces risk for the entire financial system. He also dwelt on the Comprehensive Labour Reforms that reduce compliance burden for employers and how it provides social security protection to the workers.

Prime Minister discussed the importance of investment in driving growth and how India is tackling both demand and supply side of it.

He said this is being done by making india one of the lowest tax destinations in the world and with further incentive for new manufacturing units.

Prime Minister referred to the mandatory e- platform based ‘faceless assessment’ and said it will go a long way in helping citizens along with the Tax-payers charter. The continued regulatory reforms in bond markets ensure improved ease of access for investors.

He said FDI into India rose by 20 percent in 2019, when the global FDI inflows fell by 1 Percent and that this shows the success of our FDI regime.

Shri Modi said all of the above steps will ensure a brighter and more prosperous tomorrow. They will also contribute to a stronger global economy.

Referring to the mission embarked by 1.3 Billion Indians to make an AatmaNirbhar Bharat or Self-Reliant India, Prime Minister said it merges the local with the global and that India’s strengths act as global force multiplier.

He said it is about transforming India from being just a passive market to an active manufacturing hub at the heart of global value chains.

Prime Minister said the road further ahead is full of opportunities especially in Private and Public sectors and referred to the opening up of sectors such as Coal, Mining, Railways, Defence, Space, and Atomic Energy.

He also referred to Production Linked Incentive schemes launched for- mobile & electronics, medical devices, pharma sectors along with reforms in Agriculture.

Prime Minister told the summit that for the challenges in India there is a Government that believes in delivering results, a government for which ease of living is as important as ease of doing business.

He described India as a young country with 65% population less than 35 years old which is aspirational and decided to take the nation to new heights. He said India is a country with political stability and political continuity and that it is committed to democracy and diversity.

 

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PM to visit Karnataka on 6th February
February 04, 2023
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PM to inaugurate India Energy Week 2023 in Bengaluru
Moving ahead on the ethanol blending roadmap, PM to launch E20 fuel
PM to flag off Green Mobility Rally to create public awareness for green fuels
PM to launch the uniforms under ‘Unbottled’ initiative of Indian Oil - each uniform to support recycling of around 28 used PET bottles
PM to dedicate the twin-cooktop model of the IndianOil’s Indoor Solar Cooking System - a revolutionary indoor solar cooking solution that works on both solar and auxiliary energy sources simultaneously
In yet another step towards Aatmanirbharta in defence sector, PM to dedicate to the nation the HAL Helicopter Factory in Tumakuru
PM to lay foundation stones of Tumakuru Industrial Township and of two Jal Jeevan Mission projects in Tumakuru

Prime Minister Shri Narendra Modi will visit Karnataka on 6th February, 2023. At around 11:30 AM, Prime Minister will inaugurate India Energy Week 2023 at Bengaluru. Thereafter, at around 3:30 PM, he will dedicate to the nation the HAL helicopter factory at Tumakuru and also lay the foundation stone of various development initiatives.

India Energy Week 2023

Prime Minister will inaugurate the India Energy Week (IEW) 2023 in Bengaluru. Being held from 6th to 8th February, IEW is aimed to showcase India's rising prowess as an energy transition powerhouse. The event will bring together leaders from the traditional and non-traditional energy industry, governments, and academia to discuss the challenges and opportunities that a responsible energy transition presents. It will see the presence of more than 30 Ministers from across the world. Over 30,000 delegates, 1,000 exhibitors and 500 speakers will gather to discuss the challenges and opportunities of India's energy future. During the programme, Prime Minister will participate in a roundtable interaction with global oil & gas CEOs. He will also launch multiple initiatives in the field of green energy.

The ethanol blending programme has been a key focus areas of the government to achieve Aatmanirbharta in the field of energy. Due to the sustained efforts of the government, ethanol production capacity has seen a six times increase since 2013-14. The achievements in the course of last eight years under under Ethanol Blending Programe & Biofuels Programe have not only augmented India’s energy security but have also resulted in a host of other benefits including reduction of 318 Lakh Metric Tonnes of CO2 emissions and foreign exchange savings of around Rs 54,000 crore. As a result, there has been payment of around Rs 81,800 crore towards ethanol supplies during 2014 to 2022 and transfer of more than Rs 49,000 crore to farmers.

In line with the ethanol blending roadmap, Prime Minister will launch E20 fuel at 84 retail outlets of Oil Marketing Companies in 11 States/UTs. E20 is a blend of 20% ethanol with petrol. The government aims to achieve a complete 20% blending of ethanol by 2025, and oil marketing companies are setting up 2G-3G ethanol plants that will facilitate the progress.

Prime Minister will also flag off the Green Mobility Rally. The rally will witness participation of vehicles running on green energy sources and will help create public awareness for the green fuels.

Prime Minister will launch the uniforms under ‘Unbottled’ initiative of Indian Oil. Guided by the vision of the Prime Minister to phase out single-use plastic, IndianOil has adopted uniforms for retail customer attendants and LPG delivery personnel made from recycled polyester (rPET) & cotton. Each set of uniform of IndianOil’s customer attendant shall support recycling of around 28 used PET bottles. IndianOil is taking this initiative further through ‘Unbottled’ - a brand for sustainable garments, launched for merchandise made from recycled polyester. Under this brand, IndianOil targets to meet the requirement of uniforms for the customer attendants of other Oil Marketing Companies, non-combat uniforms for Army, uniforms/ dresses for Institutions & sales to retail customers.

Prime Minister will also dedicate the twin-cooktop model of the IndianOil’s Indoor Solar Cooking System and flag-off its commercial roll-out. IndianOil had earlier developed an innovative and patented Indoor Solar Cooking System with single cooktop. On the basis of feedback received, twin-cooktop Indoor Solar Cooking system has been designed offering more flexibility and ease to the users. It is a revolutionary indoor solar cooking solution that works on both solar and auxiliary energy sources simultaneously, making it a reliable cooking solution for India.

PM in Tumakuru

In yet another step towards Aatmanirbharta in the defence sector, Prime Minister will dedicate to the nation the HAL Helicopter Factory in Tumakuru. Its foundation stone was also laid by the Prime Minister in 2016. It is a dedicated new greenfield helicopter factory which will enhance capacity and ecosystem to build helicopters.

This helicopter factory is Asia’s largest helicopter manufacturing facility and will initially produce the Light Utility Helicopters (LUH). LUH is an indigenously designed and developed 3-ton class, single engine multipurpose utility helicopter with unique feature of high manoeuvrability.

The factory will be expanded to manufacture other helicopters such as Light Combat Helicopter (LCH) and Indian Multirole Helicopter (IMRH) as well as for repair and overhaul of LCH, LUH, Civil ALH and IMRH in the future. The factory also has the potential for exporting the Civil LUHs in future.

This facility will enable India to meet its entire requirement of helicopters indigenously and will attain the distinction of enabling self-reliance in helicopter design, development and manufacture in India.

The factory will have a manufacturing set up of Industry 4.0 standards. Over the next 20 years, HAL is planning to produce more than 1000 helicopters in the class of 3-15 tonnes from Tumakuru. This will result in providing employment for around 6000 people in the region.

Prime Minister will lay the foundation stone of Tumakuru Industrial Township. Under the National Industrial Corridor Development Programme, development of the Industrial Township spread across 8484 acre in three phases in Tumakuru has been taken up as part of Chennai Bengaluru Industrial Corridor.

Prime Minister will lay the foundation stones of two Jal Jeevan Mission projects at Tiptur and Chikkanayakanahalli in Tumakuru. The Tiptur Multi-Village Drinking Water Supply Project will be built at a cost of over Rs 430 crores. The Multi-village water supply scheme to 147 habitations of Chikkanayakanahlli taluk will be built at a cost of around Rs 115 crores. The projects will facilitate provision of clean drinking water for the people of the region.