PM says India fast emerging as growth engine of world

PM says India fast emerging as growth engine of world

Agency News

Dehradun, Oct 7: Prime Minister Narendra Modi said on Sunday that India was fast emerging as growth engine of the world following economic reforms undertaken by the government.

Inaugurating the first Uttarakhand Investors Summit here, he said his government has been carrying out economic reforms with a speed and scale never seen before. Highlighting his government’s performance during the last four years, Mr Modi said fiscal deficit has been reduced and inflation has been brought under control by the efforts of the government.

Prime Minister said banking sector is gaining strength after the government took several measures.He said spending on infrastructure in the country has seen unprecedented rise and as a result of this 10,000 kms of roads were constructed during the last year. This is about 27 kms per day, which is double compared to the previous government, he said.

Underlining his government’s achievements especially in infrastructure sector, PM said Metro Rail projects are being undertaken in new cities and 100 new airports and helipads are being made under the UDAN scheme. He said more than 100 waterways are also being developed to improve connectivity across the country.

Prime Minister said, government is focusing on schemes like Health for All, Housing for All, Banking for All and Power for All as part of efforts its inclusive growth agenda. He said Pradhan Mantri Jan Arogya Yojana alone will cover about 50 crore families which will trigger unprecedented growth in healthcare sector.

He said government has speeded up the process of sanctioning loans up to Rs 1-crore to Micro Small and Medium Enterprises (MSME) sector. PM said portals like Parivesh would result in faster clearance of investment proposals.

Underlining the potential of Uttarakhand as an investment destination, Prime Minister said the state has tremendous potential especially in the field of tourism. He said the state government has identified 13 new tourist destinations in 13 districts which would open new avenues for employment in the far flung areas.

Prime Minister said Uttarakhand can offer a different kind of SEZ that is Spiritual Eco Zone to tourists as well as investors. He said Uttarakhand has potential to become an organic state and excel in agriculture and food processing sectors. Prime Minister said Uttarakhand government is trying to improve power generation by focusing on solar energy.

Modi said there is a healthy competition among states to showcase their investment potential which is a positive sign. Speaking on the occasion, State Chief Minister Trivendra Singh Rawat said investment proposals worth over Rs 70,000-crore have already been received during the run-up to the event.

Leading industrial houses are participating in the two-day event which will explore investment opportunities in the state. Apart from Indian investors, those from Japan, Czech Republic, Argentina, Mauritius and Nepal are also participating. Japan and Czech Republic are country partners of the event.

Home Minister Rajnath Singh would address the event on the concluding day on Monday. Union Ministers Nitin Gadkari, Piyush Goyal, Ravi Shankar Prasad, Harsimrat Kaur Badal, KJ Alphons and CR Chaudhary will also participate in the sessions on different subjects.

After the inaugural session, eight sectoral sessions would be held on the 12 focus sectors including tourism and hospitality, agriculture and food processing, horticulture, floriculture, herbs and aromatic plants, wellness and AYUSH.

Central Board of Film Certification chairman Prasoon Joshi will participate in a session on film shooting. (UNI)