“We must invest in resilient infrastructure today for a better tomorrow”
“The world can be resilient collectively, only when each country is resilient individually”
“To achieve shared resilience, we must support the most vulnerable”

Excellencies, Friends,

Namaskar! I extend a warm welcome to India to all of you. It is great to have you with us at the 6th edition of the International Conference on Disaster Resilient Infrastructure. Your participation will strengthen the global discourse and decisions on this important issue.

Friends,

In the last few years, the growth of the Coalition for Disaster Resilient Infrastructure has been impressive. We have come a long way since 2019, when CDRI was launched. It is now a global coalition of 39 countries and 7 organizations. This is a good sign for the future.

Friends,

As we all have witnessed, natural disasters are becoming more frequent and more severe. The damage they cause is usually reported in dollars. But their true impact on people, families and communities is beyond just numbers. Earthquakes destroy houses, making thousands of people homeless. Natural disasters can disrupt water and sewage systems, putting the health of people at risk. Some disasters can impact energy plants, leading to potentially dangerous situations. These things have a human impact.

Friends,

We must invest in resilient infrastructure today, for a better tomorrow. Resilience needs to be factored into new infrastructure creation. Further, it also needs to be a part of post-disaster rebuilding. After disasters, the immediate focus is naturally on relief and rehabilitation. After the initial response, our focus should also include resilience of infrastructure.

Friends,

Nature and disasters have no borders. In a highly interconnected world, disasters and disruptions cause widespread impact. The world can be resilient collectively, only when each country is resilient individually. Shared resilience is important because of the shared risks. CDRI and this conference help us come together for this collective mission.

Friends,

To achieve shared resilience, we must support the most vulnerable. For example, Small Island Developing States are at high risk of disasters. CDRI has a programme which is funding projects across 13 such places. Resilient housing in Dominica, Resilient transport networks in Papua New Guinea, and Enhanced early warning systems in the Dominican Republic and Fiji are some examples. It is heartening that CDRI also has a focus on the Global South.

Friends,

During India’s G20 Presidency, an important step was taken. A new Disaster Risk Reduction Working Group was formed with financing at the heart of the discussions. Along with the growth of CDRI, such steps will take the world to a resilient future. I am sure that the next two days will see fruitful deliberations at ICDRI. Thank You. Thank you very much!

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PM to disburse incentives worth around ₹2,400 crore under PM-VBRY on 19 June
June 17, 2026
First-Time Employees to Receive Incentive of up to ₹15,000
To encourage sustained job creation, Employers eligible for Incentive of up to ₹3,000 per Month per Additional Employee
PM-VBRY is designed to facilitate Job Creation, Formalisation of Employment and Expansion of Social Security Coverage
Scheme has already Facilitated Employment for 15 Lakh Beneficiaries Across the Country

Prime Minister Shri Narendra Modi will disburse incentives worth around ₹2,400 crore under the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) at a special programme to be held on 19 June 2026 at 5 PM at Vigyan Bhawan, New Delhi.

The disbursal marks a significant milestone in the implementation of PM-VBRY, the Government of India’s flagship employment-linked incentive scheme aimed at accelerating job creation, promoting formalisation of employment, enhancing employability, and expanding social security coverage across sectors. The scheme has already supported the creation of 15 lakh employment opportunities across the country.

PM-VBRY is designed to encourage both workers and employers to participate in the formal economy. Under the scheme, first-time employees are eligible for an incentive of up to ₹15,000, providing crucial support as they enter the workforce. Employers generating additional employment are eligible for incentives of up to ₹3,000 per month per additional employee, thereby encouraging sustained job creation. Recognising the strategic importance of manufacturing in driving economic growth, employers in the manufacturing sector are eligible to receive incentives for a period of four years, while employers in all other sectors can avail incentives for two years.

The scheme reflects the Government’s commitment to fostering an enabling ecosystem for employment-led growth and ensuring that the benefits of India’s economic progress translate into quality formal employment opportunities for its youth.

PM-VBRY came into effect on 1 August 2025. With a total outlay of ₹99,446 crore, the scheme aims to incentivise the creation of more than 3.5 crore jobs over a two-year period. Of these, approximately 1.92 crore beneficiaries are expected to be first-time entrants into the workforce. By supporting both employees and employers, the scheme is playing a transformative role in expanding formal employment, strengthening social security coverage, and advancing the vision of a Viksit Bharat.