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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.

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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.

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“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)

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Rashtriya Swayamsevak Sangh (RSS) Now Keen to Develop Young Leaders

The first camp in this regard will be held in Jhansi

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RSS, Leaders, BJP
The RSS will be holding camps in Uttar Pradesh to discuss ways to identify and groom young leaders. Pixabay

With most senior leaders in the BJP having retired from active politics, the Rashtriya Swayamsewak Sangh (RSS) is now looking towards building a new leadership. Later this month, the RSS will be holding camps in Uttar Pradesh to discuss ways to identify and groom young leaders.

According to a senior RSS functionary in Lucknow, the first camp in this regard will be held in Jhansi, possibly on June 29 and RSS chief Mohan Bhagwat will be attending it. Another camp is scheduled to be held in Lucknow.

“After Prime Minister Narendra Modi and Union Home Minister Amit Shah, there seems to be a dearth of second rung leadership in the bhBJP. There is a need to develop leadership that will carry forward the work initiated by these two leaders.

“Rajnath Singh is a senior leader, but his age is 67. He would have crossed 70 by the time the next general elections are held in 2024. We have to identify and inculcate leadership qualities in the younger lot,” the functionary said.

RSS, Leaders, BJP
The Rashtriya Swayamsewak Sangh (RSS) is now looking towards building a new leadership. Pixabay

He further said that identifying young talent that could be groomed for greater responsibilities was a continuous process in the organisation and it never stopped.

“It is not a sudden decision but the RSS leadership always has a vision for the future and thinks ahead. We keep finding young people with leadership skills,” the functionary added.

Earlier this month, the RSS chief had underlined the need for checking misuse of power at a four-day camp that he addressed in Kanpur.

“Those getting elected in a democratic set-up have immense power, but this does not mean that it should be misused. If the government falters at any point of time, the Sangh will give it advice and suggestions with a positive point of view,” he had said.

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The RSS chief had also discussed the topics of nationalism, social equality and service in his interaction with over 600 volunteers. He also focused on qualitative development of the Sangh volunteers and apprised them of his views on dedication towards society.

The RSS leadership is also expected to come to Lucknow for a separate camp at the end of this month. In Lucknow, the RSS leaders will pay homage to senior journalist Rajnath Singh Surya, who passed away earlier this month. Surya was also a senior RSS functionary.

Officially, however, the RSS office bearers said that they had yet to receive any programme of Bhagwat and said that such camps were a ‘routine affair’. (IANS)