Abu Dhabi: Prime Minister Narendra Modi on Saturday said “political stability and predictable policy framework” have made India an “attractive” investment destination as he urged the Indian business leaders in the UAE to invest in Jammu and Kashmir, which he said could emerge as the country’s growth engine.
Addressing a group of NRI business community in the UAE capital Abu Dhabi, Modi thanked them, saying they have made a vital contribution to India’s economic growth.
Highlighting the economic opportunities in India, he said, “Political stability and predictable policies framework are key driving forces for investors and these factors have made India an attractive investment destination in the world.”
The government has framed all its policies to promote growth, generate employment avenues and boost ‘Make in India’. “We also see to it that investors get good returns on their investment,” the prime minster said.
Urging the NRI business leaders to look at the opportunities available in India, Modi said there are lot of sectors where one can to invest in the country.
He urged the business leaders to invest particularly in Jammu and Kashmir, which, he said, has been neglected for years.
Jammu and Kashmir and Ladakh are two areas where there is a huge scope for development. For a long time, there was no development in the region, he said, adding that there is now a conducive environment for investment there.
“Impetus on development initiatives in Jammu and Kashmir will make it play a role in the growth engine of India and also create job opportunities for the youths there,” Modi said.
India on August 5 scrapped special status to Jammu and Kashmir and bifurcated the state into two Union Territories — J&K and Ladakh.
In his address to the nation after revoking the special status to J&K, Modi said state companies as well as private companies will be encouraged to create jobs for the local youths in the region.
“J&K and Ladakh have the potential to become the biggest tourist destination in the world,” he said.
“Several herbal and organic products are scattered across J&K and Ladakh. If they are identified and marketed in the global market, then it will greatly benefit the people and farmers of these regions. I urge the enterprises from all over India to come forward for this,” Modi said in his address.
Also read: Modi 2.0 needs to undo the damage done to the economy by UPA & his own first term
Structural reforms in Judiciary is what matters! There’s no real justice in India. Everyone knows you can scam the system and get away with it too. Make it accountable and deliver justice within reasonable time. Digitize court records and use modern communications for day to day processes. Put a camera in each court room and put it on air!
The business is better than the mood … That was Jeffrey Immelt, CEO of GE, visiting India during the policy paralysis phase. Gave his local CEO an impossible target of growth over the next five years. Everyone tries to talk up the mood, without optimism business would grind to a halt. However, before making long term commitments, especially of the FDI – not merely portfolio investment – kind, foreign investors do their due diligence. India needs to get its act together. Then, without the laser shows, serious businessmen will come.
When you can bluff your way through local soil, what is abroad?? They are probably more uninformed.
MODI ‘ J & K conducive environment for Investment’
Our PM is delusional.
Takes 700,000 armed men to control six million Kashmiri. Government of India having to cage it’s own ‘citizens’. In other parts of India people are lynched or murdered in riots.
Discrimination against minorities in many states, where like Gujarat they are unable to buy or rent houses in majority areas.
When 170 million are excluded and treated as second class citizens, where 500 million are discriminated against due to caste. Where the majority are unhealthy and stunted due to malnutrition and very few are educated to western standards, and most despite going through India’s Education system unfit to be employed in any skilled job.
No rule of law, corruption rampant, the courts dysfunctional and women unsafe,
JOKE OF THE DAY
ONE DICTATOR TO ANOTHER – INDIA IS A GOOD PLACE TO INVEST,
Yes, Modi has not done enough! He should open up concentration camps like how China did in Xinjiang to retool and recondition the broken mental states of muslims and make them realize that their religion and their prophet are fakes.