1. Want to make India the most open economy in the world, says PM Narendra Modi

Want to make India the most open economy in the world, says PM Narendra Modi

Prime Minister Narendra Modi on Friday said that Asia has emerged as s the new centre of global growth, which is because of its competitive manufacturing, and expanding markets.

By: | New Delhi | Updated: November 11, 2016 10:15 AM
Japan has emerged as the 4th largest source of FDI, says PM Modi Japan has emerged as the 4th largest source of FDI, says PM Modi. (ANI)

Prime Minister Narendra Modi on Friday said that Asia has emerged as s the new centre of global growth, which is because of its competitive manufacturing, and expanding markets. Speaking at the CII-KEIDANREN business luncheon in Tokyo the PM expressed hope that India and Japan will have to continue to play an important role in Asia’s emergence. He also added that Japan has emerged as the fourth largest source of the FDI in various fields. Here are highlights of his speech:

* Asia has emerged as the new centre of global growth. This is because of its competitive manufacturing, and expanding markets: PM Modi

* India and Japan will have to continue to play an important role in Asia’s emergence.

* In 2015, the Indian economy grew faster than other major economies.

* Strong India strong Japan will also be a stabilising factor in Asia and the world.

* Japan has emerged as the 4th largest source of FDI and that too in various fields.

* ‘Made in India’ and ‘Made by Japan’ combination has started working wonderfully.

* Lower labour costs, large domestic market and macro-economic stability combine to make India a very attractive investment destination.* Want to make India the most open economy in the world.* Japan has important role as India needs scale, speed & skill; Involvement in our mega projects signifies scale & speed.* FDI equity inflows have gone up by 52% in last 2 yrs; We have done substantial improvement on ease of doing business.

* In 2 yrs, India is up by 32 places in global competitiveness index of world economic forum.

*Combo of your hardware & our software is fantastic; Let’s march forward & explore bigger potentials and brighter prospects.

 

 

 

* Lower labour costs, large domestic market and macro-economic stability combine to make India a very attractive investment destination.

* Want to make India the most open economy in the world.

* Japan has important role as India needs scale, speed & skill; Involvement in our mega projects signifies scale & speed.

* FDI equity inflows have gone up by 52% in last 2 yrs; We have done substantial improvement on ease of doing business.

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