January 28, 2021
1 min read

India has capability to boost global supply chain: Modi at WEF 2021

Outlining economic reforms in India and marketing the country as a favourable destination to global investors, Prime Minister Narendra Modi on Thursday said that India has now has predictable tax and FDI regimes.

Addressing the World Economic Forum’s Davos Dialogue, he said that the government is also working on the front of ease of doing business.

He was of the view that though hit by the pandemic, things will change in the economic front too and “India is now moving ahead with the aim to become ‘Atmanirbhar’ (self-reliant)”.

Reiterating the government’s stand, Modi also said that the vision of ‘Atmanirbhar Bharat’ is aimed at making India a major hub of global supply chain.

He said that India’s success on the economic and industrial front will support global good and enhance the global supply chain. He also assured the global fraternity that India has the capacity and capability to boost the global supply chain.

Citing the reform measures taken up by the government, the Prime Minister, however gave a miss to the recent farm laws, termed as major reforms by the government. The recent laws and amendments in the farm sector bills have been highly controversial and led to massive protests by farmers in the national capital.

Modi told global leaders and investors that ‘Industry 4.0’ would be a major support for the government’s vision of making the country self-reliant. He was of the view that connectivity, automation, artificial intelligence/machine learning (AI/ML), and real time data are key for ‘Industry 4.0’.

The Prime Minister also spoke India’s vaccination drive and said that in 12 days, around 2.3 million frontline healthcare workers have been vaccinated and in total 30 million healthcare workers will be covered under the first phase.

Emphasising India’s significance in terms data, he said that India is among the countries with the highest amount of data.

Previous Story

IndiGo logs Rs 620cr loss in Q3 FY21

Next Story

Apple hits record in iPhone sales

Latest from -Top News

Modi, Starmer Unite Against Terror

The two Prime Ministers also agreed to expand bilateral exchanges between the armed forces of India and UK through joint exercises…reports Asian Lite News During their meeting in Mumbai on Thursday, Prime

The Roof of the World is collapsing

A Stockholm study warns Tibet’s rapid ecological collapse threatens global water security, urging its inclusion in climate diplomacy and calling China’s model an “extractive and militarised” threat….reports Asian Lite News A new

Pakistan beats war drums again

Pakistan’s Defence Minister Khawaja Asif reignites tensions with India, warning of a “real risk” of war amid a sharp exchange with Indian Army Chief General Upendra Dwivedi….reports Asian Lite News Pakistan’s Defence

China’s silent Indo-Pacific takeover

US senators and experts warn of China’s “gray-zone warfare” strategy to expand control across the Indo-Pacific, as Taiwan reports escalating military and economic pressure from Beijing….reports Asian Lite News The Chinese Communist

Gaza atrocities can’t be ignored’: MK Stalin

Tamil Nadu Chief Minister M.K. Stalin joins CPI(M) protest, condemns Israel’s Gaza strikes, and announces a state Assembly resolution urging an immediate ceasefire and Indian intervention for peace….reports Asian Lite News Tamil
Go toTop