New Delhi: Prime Minister Narendra Modi delivered the keynote address at the Invest India Conference in Canada via video conferencing.
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HIGHLIGHTS:
# India-Canada bilateral ties are driven by our shared democratic values and many common interests. The trade and investment linkages between us are integral to our multi-faceted relationship.
# The reforms in labour laws greatly reduce the number of Labour codes. They are both employee and employer-friendly and will further increase ease of doing business.
# India has ensured reforms in the field of labour and agriculture. They ensure greater participation of the private sector while strengthening the government’s safety nets. These reforms will lead to a win-win situation for entrepreneurs as well as hard-working people.
# Today, India is undergoing a rapid change in mindsets as well as markets. Today, India has embarked on a journey of deregulation and decriminalisation of various offences under the companies act.
# The India story is strong today and stronger tomorrow. Today, Foreign Direct Investment (FDI) regime is very well liberalized. We have created a friendly tax regime for Sovereign Wealth & Pension Funds. We’ve undertaken significant reforms for developing a robust Bond market.
# India is playing the role of the pharmacy to the world. We have provided medicine to around 150 countries so far. During March-June of this year, our agricultural exports rose by 23%. This happened while the entire country was in a stringent lockdown.
# In the post-COVID world, you will often hear of various kinds of problems — of manufacturing, of supply chains, of PPE, etc. However, India has not let those problems be. We showed resilience and emerged as a land of solutions
The forum aims to give Canadian business community a first-hand perspective of the opportunities to invest in India and showcase India as an investment destination.
PM Modi will deliver the keynote address at the Invest India Conference in Canada, via video conferencing, today evening. The forum aims to give Canadian business community a first-hand perspective of the opportunities to invest in India: Prime Minister’s Office pic.twitter.com/KSdA2qBXrr
— ANI (@ANI) October 8, 2020
The Conference is expected to witness participation of representatives from banks and insurance companies, investment funds, companies in sectors like aviation, electronics and manufacturing, consultant firms, universities etc.
