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Paris agreement proof of collective wisdom says PM Modi

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New Delhi: The Paris Agreement on climate change clinched on Saturday after 13 days of hard negotiations demonstrates the collective wisdom of world leaders to mitigate its effects and there are no winners or losers in the outcome, said Prime Minister Narendra Modi.

“Deliberations at the 21st Conference of Parties (CoP21) and Paris Agreement demonstrate the collective wisdom of world leaders to mitigate climate change,” Modi said on Twitter.

He said climate change remains a challenge, but Paris Agreement demonstrates how every nation rose to the challenge and world leaders were working towards a solution to mitigate the change.

“Outcome of Paris Agreement has no winners or losers. Climate justice has won and we are all working towards a greener future,” he tweeted.

The landmark Paris Agreement on climate change was adopted by 196 countries of the United Nations Framework Convention on Climate Change during the CoP21 hosted by France.

At the CoP21’s starting on November 30, Modi had launched an alliance of some 120-odd nations to tap solar energy better. He urged the rich nations to shoulder their responsibilities in protecting the environment, with funding and transfer of clean technology to poor and emerging economies without further delay.

In his address at the conference, he said India has set “ambitious targets” and aims to reduce emissions by 33-35 percent of 2005 levels, and 40 percent of installed capacity would be from non-fossil fuels.

The solar alliance move was lauded by global business leaders, who felt the issue of funding has to be addressed, too, to make this green initiative a success.

Modi also had bilateral talks with US President Barack Obama and Japanese Prime Minister Shinzo Abe on the sidelines and agreed their nations would work closely in fighting climate change.

He also had a brief meeting with his Pakistani counterpart Nawaz Sharif.(IANS)

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Prime Minister Narendra Modi Stern On Intensifying India-Korea Economic Relations

India features among the top 10 trade partners of South Korea and is the sixth largest export destination for S Korean goods with the trade volume reaching $21.5 billion in 2018. 

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Noting that this was his third interaction with the Korean business leaders in 12 months, Modi said: "Negotiations to upgrade the comprehensive economic partnership agreement (CEPA) have been fast-tracked to achieve the bilateral trade target of $50 billion." Pixabay

Making a call to intensify the India-Korea economic relations, Prime Minister Narendra Modi here on Thursday urged more Korean businesses to turn their attention towards India.

“I wish to see more and more Korean businesses turning their attention to India,” Modi said.

Addressing the India-Korea Business Symposium, Modi who is on a two-day official visit to South Korea, said India has become one of the most open countries for foreign direct investment (FDI), recording $250 billion inflow in the past four years.

India
Highlighting the sound fundamentals and that the Indian economy is on its way to become a $5 trillion economy soon, Modi said no other large economy in the world has grown at 7 per cent year after year.
Pixabay

Noting that this was his third interaction with the Korean business leaders in 12 months, Modi said: “Negotiations to upgrade the comprehensive economic partnership agreement (CEPA) have been fast-tracked to achieve the bilateral trade target of $50 billion.”

India features among the top 10 trade partners of South Korea and is the sixth largest export destination for S Korean goods with the trade volume reaching $21.5 billion in 2018.

Money
Trade Groups Claim, American’s Detention Is A Potential Moment For Russia. Pixabay

“Not just trade, in terms of investment also we are seeing a positive turn. Korean investments into India have reached a cumulative figure of almost $6 billion,” the Prime Minister said.

Noting that the South Korean National IT Industry Promotion Agency (NIPA) has opened its India office in Bengaluru to facilitate Korean startups in India, the Prime Minister said both the countries have decided to set up a future strategy group (FSG) and a centre for research and innovation cooperation.
Also Read: Trade Groups Claim, American’s Detention Is A Potential Moment For Russia
Highlighting the sound fundamentals and that the Indian economy is on its way to become a $5 trillion economy soon, Modi said no other large economy in the world has grown at 7 per cent year after year.

India, he said, has jumped to the 77th spot on the World Bank’s “ease of doing business” rankings on the back of reforms and is determined to break into the top 50 next year. (IANS)