close

News WrapGet Handpicked Stories from our editors directly to your mailbox

India is going to invest USD 1.3 trillion in infrastructure: PM Modi at Bloomberg Business Forum

Prime Minister Narendra Modi on Wednesday delivered keynote address at Blomberg Business Forum in New York, US. The prime minister started his address by talking about reduction in corporate taxes and said that today there is a government in India that is working towards improving the business environment in the country. 

India is going to invest USD 1.3 trillion in infrastructure: PM Modi at Bloomberg Business Forum

Prime Minister Narendra Modi on Wednesday delivered keynote address at Blomberg Business Forum in New York, US. The prime minister started his address by talking about reduction in corporate taxes and said that today there is a government in India that is working towards improving the business environment in the country. 

Live TV

Here are the live and latest updates from PM Modi's address:

# Social media is a very powerful instrument for democracy but it is being used to spread negative propaganda: PM Modi 

India’s biggest advantage is that we have young talent. We want to develop human resources. Soon the focus will move from your degrees to your skills. Your ability will become important. That’s why in India, in every level, we are focussing on skill development keeping in mind the needs of a global workforce: PM Modi in New York

# India has banned single-use plastic in the country. A big movement has been started to discourage its usage. A nationwide campaign against single-use plastic will be held on Mahatma Gandhi's birth anniversary on 2 October: PM Modi

We are in an interdependent era. We have to go ahead with global benchmarking. So my first job is to link our laws, rules and governance to a global benchmark. So that even the world finds it easy (to invest) and there is trust. We are making initiatives for that: PM Modi in New York

It is true that the third largest coal reserve is in India. We cannot ignore that in a poor country like India. But there is a solution. One is changing processes for mining coal so that there’s not environmental loss due to it. The other solution is coal gasification. Through this you can develop clean energy. We are inviting the world to bring this technology to India and do coal gasification: PM Modi on reducing burning of coal in India

Your prudent method and our pragmatic mind can write new stories in management;Your rational ways and our human values can show the path which the world is looking for. And if there is any gap anywhere, I will personally act as a bridge: PM Modi

# India has now set the goal to make the country a 5 trillion dollar economy. To achieve this big target, we have capability, courage as well as the conditions:  PM Modi at Bloomberg Global Business Forum in New York

Climate change is the issue that concerns the world most.India’s lifestyle is an example for the world. We believe that Earth is our mother and we don’t have any right to exploit it. We only have the right to milk it. In India, there’s only need, no greed: PM Modi in New York

Now in the coming years, India is going to invest 1.3 trillion dollars in modern infrastructure. Also, lakhs of crores of rupees are being spent on social infrastructure of the country: PM Modi at Bloomberg Global Business Forum in New York

#If you want to invest in a market where there is scale, come to India. If you want to invest in one of the largest infrastructure ecosystem and urbanisation, then come to India: PM Modi

# PM Modi said that India has the “rarest of the rare” combination of four D’s: Democracy, demography, demand and decisiveness.
 

# Today, there is a government in India that is working towards improving the business environment in the country. India's decision to cut corporate tax has sent a positive message: PM

# You talk about business sentiment. In this election 130 crore Indians delivered a judgment that development is their only requirement: PM Modi

#This is just the beginning. A long time is yet remaining. This is a golden opportunity for global businesses to be associated with us. Today India is in a unique position. If you want to invest in a market where there is scale, come to India: PM Modi

# The investment our government is making towards infrastructure development, it has never been done before. Almost Rs 100 lakh crore will be spent on advanced infrastructure in the coming years: PM Modi at Bloomberg Business Forum