I Shall be there when you need me - PM Modi
THE Prime Minister said yesterday,
India is currently witnessing an economic transformation.
It is not only one of the fastest growing large economies in the world. It is also marked by initiatives centered around:
+ ease of doing business
+ making governance transparent and efficient
+ reducing regulatory overburden
Presently, cleaning the system from black money and corruption is very high on my agenda.
This comes closely after digitisation and introduction of GST.
I would like to highlight some of our achievements:
1. We have now become the sixth largest manufacturing country in the world.
2. Our Gross Value Added in manufacturing has recorded a growth of 9.3 per cent in 2015-16.
3. 51 cold chain projects have been completed in the last two years and six Mega Food Parks have been opened since 2014;
4. 19 new textile parks have been sanctioned and 200 new production units have come up in existing textile parks in the last 2 fiscal years.
5. This year saw 90 per cent jump in number of mobile phone units manufactured in India;
6. Leading global players in the auto sector have setup various new assembly lines and Greenfield units.
Our efforts to ensure 'Ease of Doing Business' in India have been comprehensive and wide ranging, including legislative and structural.
I am happy to share that:
The constitutional amendment for Goods and Services Tax has been passed. This is expected to be implemented in 2017.
We are moving towards a digital and cashless economy.
Our licensing regime has been greatly rationalised.
We have launched Single Window Interfaces for registering a business, EXIM clearances and Labour compliance.
Procedures involved in getting utilities like water and electricity are being simplified.
An investor facilitation cell has been created to guide and assist the investors.
Our partnership with the State Governments has also enhanced considerably since the launch of Make in India.
In association with the World Bank, the States were ranked on the basis of their business policies and procedures on agreed parameters in 2015. This was further expanded in 2016.
India is currently buzzing with entrepreneurial activity like never before.
Start-ups are the next big economic force in India and are no less than a revolution.
Our Start-up India program aims to unleash our potential in this area.
Our economic process is being geared towards activities which are vital for generating employment or self-employment opportunities.
This is the only way to reap the demographic dividend.
Through the 'Skill India' imitative and its various components, we are trying to synergise the skills to the market requirements.
Building futuristic infrastructure is the biggest task at hand.
We are developing a pentagon of industrial corridors across the country.
There is immense focus on removing the logistic constraints across the country.
Roads, railways, ports are being upgraded across the country.
This is a time for integration.
Integration cannot happen without openness.
India has always been open at the heart.
we are among the most open and integrated economies.
We welcome those who are not there in India so far.
I personally assure you that I shall be there when you need me.
India is not only a good destination;
It is always a good decision to be in India.