New Delhi: With the economy struggling hard for a rebound, Prime Minister Narendra Modi on Thursday hard sold his government’s latest labour and agriculture reforms, saying they will make doing business in India easier while also giving farmers the right to choose their market. Also Read - Mike Pompeo, Mark Esper Meet PM Modi, Convey US Interest in Strengthening Ties With India
With its vibrant democracy, political stability and business-friendly policies, India offers an unparalleled investment destination for foreign investors, he said in his keynote address at the annual Invest India Conference. Also Read - Era of Scams Left Behind; Need to Work Together to Fight Corruption: PM Modi
The conference is organised with a special focus on further strengthening business ties between India and Canada.
The government, he said, has implemented reforms in key sectors of education, agriculture and labour with a view to improving participation of the private sector.
“If you are looking to partner in the field of education, the place to be is India. If you are looking to invest in manufacturing or services, the place to be is India. If you are looking to collaborate in the field of agriculture, the place to be is India,” Modi said.
Stressing that “the India story is strong today and stronger tomorrow”, the prime minister said, “We are proactively monetising assets across sectors – airports, railways, highways, power transmission lines.”
He further said the FDI regime has been very well liberalised and the country has created a friendly tax regime for sovereign wealth and pension funds.
Referring to the coronavirus pandemic, Modi said, “India has adopted a unique approach posed by the COVID-19 pandemic. We have given relief and stimulus package for the poor and the small businesses. We have also used this opportunity to undertake structural reforms. These reforms ensure more productivity and prosperity.”
The prime minister further said India is playing the role of pharmacy to the world.
India has provided medicines to around 150 countries so far, he said.
(With PTI inputs)