Home » Salient Points of PM Modi’s remarks at The Economic Times Asian Business Leaders’ Conclave in Kuala Lumpur on 14 Dec, 2016
- Fact that ET has chosen Kuala Lumpur as the venue for this Conclave proves importance of Malaysia as a commercial & business destination
- The timeless ties between India and Malaysia are reinforced by the presence of a large Indian community
- A recent symbol of our historic links is Torana Gate in the heart of Kuala Lumpur which connects two great nations & two great cultures
- Close relations with Malaysia are integral to the success of our Act East Policy
- India’s initiatives including a Project Development Fund and Line of Credit have given a huge fillip to India-ASEAN cooperation
- The leaders of ASEAN countries have led efforts for better integration among the countries of the region
- The 21st Century is the Century of Asia
- Asia is where there are Hands to work, homes to consume and heads have the humility to learn
- Despite unfavourable and uncertain global economic environment, the growth prospects of Asian region remain bright
- India is currently witnessing an economic transformation
- Presently, cleaning the system from black money and corruption is very high on my agenda
- The outcomes of our efforts are visible from India’s global rankings on various indicators
- We have opened up new sectors for FDI and enhanced caps for existing sectors
- Our concerted efforts on major FDI policy reforms continue and conditions for investments have been simplified
- Total FDI inflows in the last two and a half years have touched US Dollars 130 billion
- The positive change in policy, regulatory and investment environment in India is recognized by both domestic and foreign investors
- ‘Make in India’ which celebrated 2nd anniversary this year, is aimed at making India a global hub for manufacturing, design & innovation
- We have now become the 6th largest manufacturing country in the world
- Our efforts to ensure ease of doing business in India have been comprehensive and wide ranging, including legislative and structural
- The constitutional amendment for Goods and Services Tax has been passed. This is expected to be implemented in 2017
- We are now moving towards a digital and cashless economy
- Our licensing regime has been rationalised greatly
- We have launched Single Window Interfaces for registering a business, export-import clearances and Labour compliance
- India is currently buzzing with entrepreneurial activity like never before
- Start-ups are the next big economic force in India and are no less than a revolution
- Our economic process is being geared towards activities which are vital for generating employment or self-employment opportunities
- Building futuristic infrastructure is the biggest task at our hand. We are developing a pentagon of industrial corridors across India
- There is immense focus on removing the logistics constraints. Roads, railways, ports are being upgraded across the country
- This is a time for integration…at the level of economy also, we are among the most open and integrated economies
- We welcome those who are not in India so far
- India is not only a good destination. It’s always a good decision to be in India
- India is buzzing with entrepreneurial activity. Start-ups are the next big economic force here…it is a great time for investing in India.
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