Narendra Modi Highlights: ‘If you want returns with reliability, India is the place to be’, PM Modi tells investors

By: |
Updated: November 5, 2020 7:37:56 pm

PM Modi Highlights: India offers democracy, demography, demand as well as diversity, where one gets multiple markets within one market, PM Modi told foreign investors.

prime minister, narendra modi, sco summit, putin, multilateralism, capacity building, global growthPM Modi said that in these unprecedented times of the pandemic, India’s pharma industry has supplied essential medicines to over 150 countries

PM Modi Highlights: Prime Minister Narendra Modi today said that if the investors want returns with reliability, India is the place to be. Speaking at the Virtual Global Investor Roundtable, Narendra Modi added that the investors get demand with democracy, stability with sustainability, and growth with a green approach in India. PM Modi further said that India’s quest for Atmanirbhar Bharat is not just a vision but a well-planned economic strategy. A strategy that aims to use India’s strength in technology to become the global centre for innovations, and contribute to global development using the country’s immense human resources and their talents. He added that it is a strategy that aims to use the capabilities of Indian businesses, and the skills of the workers to make India into a global manufacturing powerhouse. The Prime Minister also highlighted that the recent reforms in agriculture have opened up new exciting possibilities to partner with the farmers of India.

Live Blog

Highlights

    19:27 (IST)05 Nov 2020
    Creditability of tax regime weighs heavy for investors

    The removal of input tax credit for the food service industry which was done with immediate effect was a blow that resulted in at least two large foreign investments moving out of this country primarily because it had a huge impact on the EBITDA margins. The expectation of the investment community from the Government is around creditability of the tax regime and if regulatory changes have to be made to the tax regime, they should be investor positive and investor negative if they have to be implemented with immediate effect - Sanjay Kumar, CEO & MD, Elior India

    19:15 (IST)05 Nov 2020
    Coronavirus pandemic brings out 4 traits in India

    The coronavirus pandemic brought out four traits in India, which are the sense of responsibility; the spirit of compassion; national unity; and spark of innovation: PM Modi

    19:12 (IST)05 Nov 2020
    India will soon emerge as an agriculture export hub

    Our recent reforms in agriculture open up new exciting possibilities to partner with the farmers of India. With the help of technology and modern processing solutions, India will soon emerge as an agriculture export hub, said PM Narendra Modi. 

    19:12 (IST)05 Nov 2020
    India can contribute to stabilization of global economy

    A strong and vibrant India can contribute to stabilization of the world economic order. We will do whatever it takes to make India the engine of global growth resurgence: PM Modi

    19:11 (IST)05 Nov 2020
    PM Modi lures foreign investors

    If you want returns with reliability, India is the place to be. If you want demand with democracy, India is the place to be. If you want stability with sustainability, India is the place to be. If you want growth with a green approach, India is the place to be: PM Modi told investors. 

    19:08 (IST)05 Nov 2020
    How India can become global centre for innovations

    India believes in a strategy that aims to use our strength in technology to become the global centre for innovations, and contribute to global development using our immense human resources and their talents: PM Modi

    19:05 (IST)05 Nov 2020
    India follows path of growth with equal focus on ESG

    Today, investors are moving towards companies which have a high Environmental, Social & Governance score. India already has systems and companies which rank high on this. India believes in following the path of growth with equal focus on ESG. -- PM Modi

    19:01 (IST)05 Nov 2020
    India shows remarkable resilience in this pandemic

    India has shown remarkable resilience in this pandemic, be it fighting the virus or ensuring economic stability. This resilience is driven by the strength of our systems, support of our people and stability of our policies: PM

    19:00 (IST)05 Nov 2020
    India offers democarcy, demography, demand, and diversity: PM Modi

    India believes in following the path of growth with equal focus on ESG. India offers you democarcy, demography, demand, and diversity, PM Modi told investors.  

    18:59 (IST)05 Nov 2020
    Quest for Atmanirbhar Bharat is not just a vision, says PM Modi

    India's quest for Atmanirbhar Bharat is not just a vision but a well-planned economic strategy: PM Modi

    18:56 (IST)05 Nov 2020
    PM Modi's address begins

    PM Modi begins address at Virtual Global Investor Roundtable. 

    18:51 (IST)05 Nov 2020
    Rajasthan finally opts for Option 1 in GST compensation cess shortfall issue

    Rajasthan has decided to go for Option-1 to meet the GST implementation shortfall. The state will get Rs 4,604 cr via special borrowing window and will also get permission to raise additional Rs 5,462 cr via borrowings.

    18:47 (IST)05 Nov 2020
    China bans flight from India

    Due to the Covid-19 pandemic, China has decided to temporarily suspend the entry into China by foreign nationals in India holding valid Chinese visas or residence permits.

    18:35 (IST)05 Nov 2020
    Govt’s top priorities should be to be an AI Superpower in the next decade

    One of the government’s top priorities should be to be an AI Superpower in the next decade. For this, we need to invest in talent, R&D capabilities, and more encouraging policy support. Trying to solve these three, should lead to greater foreign investment into the sector as it has for the US and China. Over the next decade, AI will make millions of jobs redundant and building capability around it allows the country’s next generation to be ready for a new world that is emerging. Government initiatives like India AI and Startup India are great starts in this direction and deserve the full attention from the government and investors. -- Kanika Agarrwal, Co-founder and Chief Investment Officer, Upside AI

    18:26 (IST)05 Nov 2020
    India's economic activity expands faster in October

    The Composite PMI Output Index in October rose to 58 from 54.6 in September, indicating the strongest increase in private sector output in around nine years. A sharp rise in factory production was accompanied by a return to growth of services activity. 

    18:17 (IST)05 Nov 2020
    Foreign investments in India can make it a landmark for both software and hardware technology

    Enhancing India as an Investment destination could prove to be great towards boost towards 'Make In India' and 'Atmanirbhar Bharat' initiatives that will help bring in more hardware manufacturing technology-based companies. It will also make India a landmark for both software and hardware technology. -- Sonit Jain, CEO of GajShield Infotech. 

    18:12 (IST)05 Nov 2020
    PM Modi's speech may begin at 6:30 pm today

    PM Narendra Modi is likely to begin the address at 6:30 pm as the event got slightly delayed.

    18:09 (IST)05 Nov 2020
    Service activity rises for first time since February

    India’s service activity expanded for the first time since February in October 2020. Services PMI rose from 49.8 in September to 54.1 in October. The service companies’ performance improved on account of easing of the coronavirus-led restrictions, which helped them secure new work and lift business activity in the month. Read full story here

    17:59 (IST)05 Nov 2020
    PM Modi to soon address international investors, business leaders

    Prime Minister Narendra Modi will soon address the international investors and business leaders from across the globe. 

    17:59 (IST)05 Nov 2020
    PLI scheme for mobile manufacturing likely to ensure Rs 80k cr in tax revenues

    The performance-linked incentive (PLI) scheme for mobile manufacturing is likely to ensure tax revenues (direct and indirect) to the tune of over Rs 80,000 crore to the government over the next five years apart from making India a manufacturing hub for giants like Apple and Samsung. Read full story here

    17:53 (IST)05 Nov 2020
    PM's speech to be on India’s reforms and investment opportunities

    I will be speaking about India’s reforms and opportunities for investors in our country, said PM Modi. 

    17:45 (IST)05 Nov 2020
    Why now is the best time to invite foreign investors?

    This is the best time to invite foreign investments, as India can be the next manufacturing hub of the world. Today, world is facing huge challenges because they are dependent on one particular country, especially for electronics. Having said that, the government has to expedite the pending infrastructure projects, if India wants to set a mark on the global stage. -- Avneet Singh Marwah, Director and CEO, Super Plastronics Pvt Ltd, a Kodak brand Licensee.

    17:41 (IST)05 Nov 2020
    Govt releases the first installment of Urban Local Body tied grants today

    Based on 15th Finance Commission recommendations, the government released Rs 7,419.75 cr as the first installment of Urban Local Body tied grants (2020-21) for Million Plus Cities & Non-Million Plus Cities for better conservation, supply & management of water & efficient solid waste management.

    17:39 (IST)05 Nov 2020
    Atmanirbhar Bharat is not about protectionism, but building greater strengths at home. 

    After giving the Atmanirbhar Bharat call, the government had said that Atmanirbhar Bharat is not about protectionism, but building greater strengths at home. 

    17:34 (IST)05 Nov 2020
    October sees a fall in employment

    Employment in the month of October 2020 fell for the first time since May when the recovery began after the nationwide lockdown was imposed to arrest the spread of the coronavirus pandemic. Read full story here

    17:30 (IST)05 Nov 2020
    India opens almost all sectors for FDI

    India has opened almost every sector for foreign direct investments, which will play some role in attracting foreign investors towards India. 

    17:26 (IST)05 Nov 2020
    How India can be a favourable investment destination

    India ranked 63 in World Bank's "Doing Business 2020" report. It was a 79 positions jump from 142 in 2014, to 63 in 2019.

    17:24 (IST)05 Nov 2020
    Two advantages of VGIR

    The timing of VGIR brings in twin advantages. It comes in the backdrop of several efforts made by India to improve the country's investment climate. It also comes at a time when investors and companies are looking to de-risk businesses and investments by reducing dependence on China as a production and sourcing hub and spreading out to other regions, including India.

    17:16 (IST)05 Nov 2020
    Top pension and sovereign wealth funds from across the world will participate in the roundtable
    https://platform.twitter.com/widgets.js
    17:12 (IST)05 Nov 2020
    VGIR will create close 3-way partnership between global investors, Indian entrepreneurs, and govt

    VGIR is a great step to enhance India’s attractiveness as an Investment destination. We expect that the conference will highlight the ongoing emergence of Indian economy from the shadows of COVID-19 and the immense long-term opportunities that it offers to global investors. It will create an environment of a close three-way partnership between global investors, Indian entrepreneurs/business leaders, and Indian government, accelerating India’s advance towards becoming a US$ 5 trillion economy -- Mohit Ralhan, Managing Partner & CIO, TIW Private Equity.

    17:10 (IST)05 Nov 2020
    India achieved targets before the set deadline: PM Modi

    India achieved targets like rural sanitation, village electrification, Ujjwala connections well before the set deadline and that people have confidence that his government will achieve this target as well, PM Modi recently said. 

    17:08 (IST)05 Nov 2020
    Economy is coming back on track at more speed than expected

    "Thanks to higher Goods and Services Tax (GST) collections and rise in power demand, Indian economy is coming back on track at more speed than expected," Union minister Prakash Javadekar said on Wednesday.

    16:53 (IST)05 Nov 2020
    Forex rate, capital flow likely to improve with high foreign investments

    A rise in foreign investments will also stabilise the foreign exchange rate and help improve the capital flow. This will change the perception of many towards looking at the 'new' India, said Shobhit Singh, Director of Stone Sapphire India.

    16:51 (IST)05 Nov 2020
    Foreign investments will give a massive boost to 'Make in India' and 'Atmanirbhar Bharat' programs

    "This is a big step in the right direction as the initiative is a massive boost for the 'Make in India' and 'Atmanirbhar Bharat' programs. Foreign investment would generate more employment, help in the development of backward areas as well as strengthen the economy," said Shobhit Singh, Director of Stone Sapphire India.

    16:45 (IST)05 Nov 2020
    India can still achieve $5 trillion economy target: PM Modi

    Prime Minister Narendra Modi has said he is optimistic about achieving the $5 trillion dollar economy target by 2024, despite the coronavirus pandemic ravaging the Indian economy. The Prime Minister said his government has a record of achieving targets well before the deadline and this target will also be achieved.

    16:41 (IST)05 Nov 2020
    Indian business leaders to also participate in Virtual Global Investor Roundtable

    Apart from global investors, the roundtable will also see participation of several top Indian business leaders.

    16:35 (IST)05 Nov 2020
    Participants from US, Europe, Canada, Korea, Japan, etc will join today with PM Modi

    The global institutional investors joining today are from key regions including the US, Europe, Canada, Korea, Japan, Middle East, Australia, and Singapore.

    16:29 (IST)05 Nov 2020
    India receives highest FIs this year in first five months

    Foreign investments in India this fiscal is the highest ever for the first five months of a financial year.

    16:22 (IST)05 Nov 2020
    Today's focus on India’s economic and investment outlook

    VGIR 2020 will focus on discussions around India’s economic and investment outlook, structural reforms and the government’s vision for the path to a USD 5 trillion economy.

    16:15 (IST)05 Nov 2020
    Pension and sovereign wealth funds with AUM of around $6 trillion will participate

    The roundtable will witness participation from twenty of the world’s largest pension and sovereign wealth funds with total Assets Under Management of about $6 trillion.

    Next Stories
    1World sees India as a trustworthy and promising partner: PM Modi at IIT 2020 Global Summit
    2Not just pent up demand that is reviving economy: FM Nirmala Sitharaman
    3Nirmala Sitharaman urges DRI, customs to ensure every economic offender is taken to task