Saturday January 19, 2019
Home India Modi meets Bh...

Modi meets Bhutan PM, Sri Lanka president

0
//
photo credit: www.thehansindia.com

New York: Prime Minister Narendra Modi continued his round of neighborhood diplomacy by meeting Sri Lanka President Maithripala Sirisena and Bhutan Prime Minister Tshering Tobgay on Friday to discuss economic cooperation.

On Thursday he met Bangladesh Prime Minister Sheikh Hasina. There were no plans to meet Pakistan Prime Minister Nawaz Sharif. Nepal Prime Minister Sushil Koirala has canceled his visit to New York because of violent protests at home against a new constitution.

Modi complimented Sirisena on the successful and peaceful completion of parliamentary elections and said it showed a deep-rooted commitment to democracy, a trait shared with India.

About a recent UN Human Rights Commission (UNHRC) report calling for special courts with international participation to try those charged with war crimes during the civil war, Modi said that he supported the quest for justice, but also respected Sri Lanka’s sovereignty. He added that a way could be found for a consensus between Colombo and the UNHRC.

Sri Lanka opposed UNHRC proposals for so-called ‘hybrid courts’ that had both Sri Lankan and international judges and investigators, and said it would only accept advice from outside. The United States is drafting a resolution on the subject, and according to media reports, it would call for ‘hybrid courts’ and Sri Lanka is trying hard to block it.

Modi and Sirisena also discussed the bilateral development projects that include the building of 57,000 houses in areas ravaged by civil war, railway infrastructure and power generation.

Development projects figured prominently in discussions between Tobgay and Modi, according to Swarup. The hydroelectric projects India was building for Bhutan would export power to India in a large enough quantity to save 11 million metric tons of carbon by not using fossil fuels to generate that amount of electricity. That would be a contribution to sustainability.

Tobgay suggested extending the Bhutan-Bangladesh-India-Nepal connectivity project beyond the motorway to other types of links.

Both Sri Lanka and Bhutan backed Security Council reforms. Tobgay said that it was an anomaly that India was not a permanent member of the Council.

(IANS)

Next Story

Now India is One of The Most Open Countries for FDI: Narendra Modi

Modi had conceptualised the summit as Gujarat Chief Minister in 2003 to position the state as an ideal investment destination after the 2002 riots.

0
www.trafficchallan.co.in

Prime Minister Narendra Modi on Friday said that his government had made doing business in India easier, cheaper, faster and smarter with his term accounting for almost 45 per cent of the Foreign Direct Investment (FDI) that the country received in the last 18 years.

Speaking at the inaugural function of the Vibrant Gujarat Global Summit 2019 here, he said India was now one of the most open countries for FDI with over 90 per cent approvals put on the automatic route.

“In the last four years, we have received FDI worth $263 billion. This is 45 per cent of the FDI received in last 18 years,” Modi told the gathering.

He said India was among the top 10 FDI destinations.

FDI
PM Speaks on FDI www.news.civilserviceindia.com

Modi, who is on a three-day visit to his home state to throw open his pet biennial Vibrant Gujarat Global Summit, said the India of today was a land of “immense opportunities” being the only place that offered democracy, demography and demand.

“Fifty cities in India are ready to build metro rail systems. We have to build 50 million houses. The requirement of road, rail and waterways is enormous. We want world class technologies to achieve our goal in a faster and cleaner way. India is thus, a land of immense opportunities.” he said.

The Prime Minister said the challenge for India, as in most emerging economies, was to grow horizontally as well as vertically to ensure that the benefits of development spread to regions and communities that have lagged behind while also meeting enhanced expectations in terms of quality of life, quality of services and quality of infrastructure.

“We are well aware that our achievements, here in India, will directly impact one sixth of humanity.”

Modi said his government had removed the barriers which were preventing India from achieving its full potential and now it was ready for business like never before.

The government has made doing business easier. cheaper, faster and smarter, he said.

“In the last four years, we have jumped 65 places in the global ranking of World Bank’s Doing Business Report. From 142 in 2014 to 77 now, but we are still not satisfied. I have asked my team to work harder so that India is in the top 50 next year.

“We have also made doing business cheaper. The historic implementation of Goods and Services Tax and other measures of simplification and consolidation of taxes have reduced transaction costs and made processes efficient.

“We have also made doing business faster through digital processes, online transactions and single point inter-faces,” he said.

According to LocalCircles, each person who voted in the survey is registered with the portal with their detailed information and in many cases they shared their residential address.
Doing business in India now easier, cheaper, faster, smarter: Modi

He said his government had made doing business smarter by insisting on IT based transactions and digital payments including direct transfer of government benefits.

Modi added that he understood that being a young nation, India needs to create job opportunities and better infrastructure, which are both linked with investments.

“Therefore, in recent years, there has been unprecedented focus on manufacturing and infrastructure,” he said.

Listing the achievements of his government, he said for the first time, India had become a net exporter of electricity, had installed transmission lines at an unprecedented pace and had doubled the speed of road construction with rural road connectivity now at 90 per cent.

Also Read: PM Narendra Modi to Unveil National Film Museum in Mumbai

“At 7.3 per cent, the average GDP growth, over the entire term of our government, has been the highest of any Indian government since 1991. At the same time,the rate of inflation at 4.6 per cent is the lowest for any Indian government since 1991, when India began its process of liberalisation,” he said.

Modi had conceptualised the summit as Gujarat Chief Minister in 2003 to position the state as an ideal investment destination after the 2002 riots. (IANS)