New Delhi, Nov 13: Speaking at the ASEAN Business and Investment Summit in Manila, Philippines, Prime Minister Narendra Modi on Monday sought to showcase the achievements of his government during its three year rule.

Describing India as a global manufacturing hub, PM Modi stressed that India was no longer a country of job seekers. The prime minister mentioned Digital India, Make in India, Jan Dhan Yojana as some of the schemes that his government has initiated to transform India and invited the ASEAN members to come and invest in the country. (Also Read: PM Modi Meets Trump, Says India-US Ties Growing)

Stressing on the need for a greater collaboration between New Delhi and ASEAN, PM Modi underlined that the region will push the global development.

“In the near future, south Asia and southeast Asia will be the development engine of the world,” PM Modi said. “Government of India’s ‘Act East policy’ puts this (ASEAN) region at the centre of our engagement,” he added.

Highlights of PM Modi’s Address:

  • Task of transforming India is proceeding at an unprecedented scale. We are working day and night towards easy, effective and transparent governance
  • Government of India’s ‘Act East policy’ puts this (ASEAN) region at the centre of our engagement.
  • Large sections of India’s population did not have access to banking services. The Jan Dhan Yojana changed that in a matter of months and transformed the lives of millions.
  • Digital transactions have increased significantly. We are using technology to reach out to people.
  • Want to make India a Global Manufacturing Hub and we want to make our youngsters job creators.
  • Keeping our emphasis on ‘Minimum Government, Maximum Governance’, about 1200 outdated laws have been repealed in the last three years. We have simplified processes to start companies and for other clearances.
  • Want to make India a Global Manufacturing Hub and we want to make our youngsters job creators.

The 10-member grouping ASEAN and India comprise a total population of 1.85 billion people which is one-fourth of the global population. The combined GDP has been estimated at over 3.8 trillion dollars. (Also Read: ASEAN: Resilient Rice Field Laboratory Named After PM Modi)

Trade between India and ASEAN stood at US$ 65.04 billion in 2015-16 and comprises 10.12 per cent of India’s total trade with the world.

The ASEAN grouping comprises Indonesia, Malaysia, the Philippines, Singapore, Thailand, Brunei, Cambodia, Laos, Myanmar and Vietnam.

Apart from the 10 ASEAN Member states, East Asia Summit includes India, China, Japan, Republic of Korea, Australia, New Zealand, the United States and Russia.