#1. "The Industry likes transparency and a clean system. Unwanted rules and undue interference by the government somehow create hindrance in the pace of industrial growth," he said at the Rising Himachal Global Investors' Meet. #2 . Officials claimed that during the events leading up to the summit, businesses have committed investments totalling over Rs 92,000 crore - in the form of MoUs - to Himachal Pradesh, exceeding the targeted Rs 85,000 crore.
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#Image 1 of 7 : The Prime Minister, Shri Narendra Modi at the Global Investors’ Meet 2019, in Dharamshala, Himachal Pradesh on November 07, 2019. The Governor of Himachal Pradesh, Shri Bandaru Dattatreya and the Chief Minister of Himachal Pradesh, Shri Jai Ram Thakur are also seen.
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#Image 2 of 7 : The Prime Minister, Shri Narendra Modi visiting an exhibition, at the Global Investors’ Meet 2019, in Dharamshala, Himachal Pradesh.
Prime Minister congratulated the Chief Minister of Himachal Pradesh for organizing this event.
Addressing the gathering, Prime Minister said, he is happy to welcome all the Wealth Creators to this meet.
He said earlier states were offering various discounts to attract investment and that the investors were waiting to see which State offered more concessions or discounts.
Prime Minister said that in the last few years states have realised that this competition of offering discounts or concessions to industrialists were of no benefit to anyone – either to the state or to the Industrialists.
He said it is essential that there is an enabling ecosystem for investors to invest in the states, where it is free of the Inspector Raj and the need of permits at every stage.
He said nowadays the States are competing to provide such an enabling ecosystem to the investors.
#Image 3 of 7 : The Prime Minister, Shri Narendra Modi visiting an exhibition, at the Global Investors’ Meet 2019, in Dharamshala, Himachal Pradesh on November 07, 2019. The Chief Minister of Himachal Pradesh, Shri Jai Ram Thakur is also seen.
He added, over the past few years, several reforms such as ease of doing business, scrapping of obsolete laws were undertaken in this direction. He said healthy competition among states would enhance the competitiveness of our industries on the global platform.
Prime Minister said this would benefit the states, the local population and the country at large and India would progress at a very rapid pace.
He said Industry also likes a clean and transparent system and governments.
Unwanted laws and Government interventions, he said, aid in halting the progress of the industry.
He said it is due to changes like these, India today stands out as a Business Friendly Destination.
He said, today the vehicle of development in India is moving ahead with a new thinking and new approach, on four Wheels of – “Society, Government which is encouraging New India, an Industry which is daring, and Knowledge with a motive of sharing”.
#Image 4 of 7 : The Prime Minister, Shri Narendra Modi at the Global Investors’ Meet 2019, in Dharamshala, Himachal Pradesh on November 07, 2019. The Chief Minister of Himachal Pradesh, Shri Jai Ram Thakur is also seen.
Prime Minister said, that, between 2014 and 2019 India improved 79 places in Ease of Doing Business Rankings. He said “Every year we are improving in each parameter. Improvement in these rankings means that our Government is making decisions after a thorough understanding of the needs at the grass roots level for the industry.”
“This is not just an improvement in rankings but a major revolution in the way of doing business in India. In today’s global scenario, India is standing strong as we did not allow our economic fundamentals to become weak”, he said.
He said Industry is now provided with a proper exit route through robust Insolvency & Bankruptcy code.
He said the Union Government has taken a major decision for the benefit of middle class where in the Government has decided to restart the stalled housing projects across the country so that 4.58 Lakh families can now get their houses in which they have invested.
He the central government has also slashed Corporate Tax to 15% for new domestic companies.
He requested Industry and Global representatives to view India as one of the most favourable destination for investment.
Image 5 of 7 : The Prime Minister, Shri Narendra Modi releasing the Coffee Table Book on the occasion of Rising Himachal: Global Investors’ Meet 2019, in Dharamshala, Himachal Pradesh on November 07, 2019. The Governor of Himachal Pradesh, Shri Bandaru Dattatreya and the Vice-Chairman NITI Aayog, Dr. Rajiv Kumar are also seen.
Prime Minister said that the decision to invest over Rs 100 Lakh Crores for infrastructure development would benefit the state of Himachal Pradesh too.
He appreciated state government of Himachal Pradesh for undertaking several landmark initiatives for creating an investor friendly environment.
In this context, he mentioned steps taken by the state government, such as single window clearance system, sector specific policies, transparent system of land allotment etc are making it an attractive destination for investment.
Prime Minister described Himachal as having an immense potential for conference tourism.
Prime Minister also visited the exhibition show casing the investment potential and opportunities of Himachal Pradesh.
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WATCH VIDEO
https://youtu.be/_r3hHj_vki0
Ease of doing business, not sops attracts investors : PM Modi
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Inaugurating a two-day event here to attract investment to Himachal Pradesh, PM Modi pitched for competition among the states on ease of doing business instead of offering "charity" through such incentives.
DHARAMSHALA: Prime Minister Narendra Modi on Thursday spoke against sops like free power, cheap land and tax waivers for industrialists, saying they would rather have a transparent business environment with simpler rules.
Inaugurating a two-day event here to attract investment to Himachal Pradesh, Modi pitched for competition among the states on ease of doing business instead of offering "charity" through such incentives.
He said all states and districts in the country have a role in India's effort to become a five trillion dollar economy by 2025.
"The Industry likes transparency and a clean system. Unwanted rules and undue interference by the government somehow create hindrance in the pace of industrial growth," he said at the Rising Himachal Global Investors' Meet.
Officials claimed that during the events leading up to the summit, businesses have committed investments totalling over Rs 92,000 crore - in the form of MoUs - to Himachal Pradesh, exceeding the targeted Rs 85,000 crore.
Modi said the states earlier used to perform "charity" and provide many incentives to attract investment. "One state would waive tax, another would provide free power.
He said the investors too delayed their decisions, hoping for better incentives from other states.
"But I am satisfied that this situation has changed drastically in the last few years. Now state governments have started realising that the competition on incentives can neither benefit the states nor the industrialists." he said in his 30-minute speech.
#Image 7 of 7 : The Prime Minister, Shri Narendra Modi addressing at the Global Investors’ Meet 2019, in Dharamshala, Himachal Pradesh on November 07, 2019.
"For attracting investment, the proper ecosystem, dismantling of the inspector raj and doing away with the permit system is required," he said.
"Nowadays, the state governments are coming forward to compete in creating this type of ecosystem. They are simplifying the system, amending laws. Unnecessary laws are being done away with," he said.
On the country's goal to become a five trillion dollar economy, he said, "Every state and every district of the country has a great potential and they will play a vital role in achieving the target."
Himachal Pradesh Governor Bandaru Dattatreya, Chief Minister Jai Ram Thakur, Sikkim Chief Minister Prem Singh Tamang, Union ministers Prahlad Patel and Anurag Thakur and Niti Aayog Vice Chairman Rajiv Kumar attended the event.
The prime minister also stressed on the tourism sector. "Himachal also has a huge potential for investment in the fields of tourism, pharmaceutical and other sectors," he said.
He praised Himachal Pradesh initiatives like the creation of a single window clearance system, transparency in land allotment and sector-specific industry policies.
Jai Ram Thakur said the Vibrant Gujarat event organised by Modi when he was the chief minister of that state showed the way to attract investment to Himachal Pradesh.
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JAY HIND
JAY BHARATHAM
VANDHE MATHARAM
BHARAT MATHA KI JAY.
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#OPINION : 08/11/2019 : 1947.
WATCH VIDEO
https://youtu.be/Wmes4ZZxyQc-------------------------------------------------------------------------------------------------------------------------
PM inaugurates the Rising Himachal: Global Investor’s Meet 2019, in Dharamshala : 07 Nov, 2019 : News Updates : PMINDIA.
-------------------------------------------------------------------------------------------------------------------------Prime Minister congratulated the Chief Minister of Himachal Pradesh for organizing this event.
Addressing the gathering, Prime Minister said, he is happy to welcome all the Wealth Creators to this meet.
He said earlier states were offering various discounts to attract investment and that the investors were waiting to see which State offered more concessions or discounts.
Prime Minister said that in the last few years states have realised that this competition of offering discounts or concessions to industrialists were of no benefit to anyone – either to the state or to the Industrialists.
He said it is essential that there is an enabling ecosystem for investors to invest in the states, where it is free of the Inspector Raj and the need of permits at every stage.
He said nowadays the States are competing to provide such an enabling ecosystem to the investors.
He added, over the past few years, several reforms such as ease of doing business, scrapping of obsolete laws were undertaken in this direction. He said healthy competition among states would enhance the competitiveness of our industries on the global platform.
Prime Minister said this would benefit the states, the local population and the country at large and India would progress at a very rapid pace.
He said Industry also likes a clean and transparent system and governments.
Unwanted laws and Government interventions, he said, aid in halting the progress of the industry.
He said it is due to changes like these, India today stands out as a Business Friendly Destination.
He said, today the vehicle of development in India is moving ahead with a new thinking and new approach, on four Wheels of – “Society, Government which is encouraging New India, an Industry which is daring, and Knowledge with a motive of sharing”.
Prime Minister said, that, between 2014 and 2019 India improved 79 places in Ease of Doing Business Rankings. He said “Every year we are improving in each parameter. Improvement in these rankings means that our Government is making decisions after a thorough understanding of the needs at the grass roots level for the industry.”
“This is not just an improvement in rankings but a major revolution in the way of doing business in India. In today’s global scenario, India is standing strong as we did not allow our economic fundamentals to become weak”, he said.
He said Industry is now provided with a proper exit route through robust Insolvency & Bankruptcy code.
He said the Union Government has taken a major decision for the benefit of middle class where in the Government has decided to restart the stalled housing projects across the country so that 4.58 Lakh families can now get their houses in which they have invested.
He the central government has also slashed Corporate Tax to 15% for new domestic companies.
He requested Industry and Global representatives to view India as one of the most favourable destination for investment.
Image 5 of 7 : The Prime Minister, Shri Narendra Modi releasing the Coffee Table Book on the occasion of Rising Himachal: Global Investors’ Meet 2019, in Dharamshala, Himachal Pradesh on November 07, 2019. The Governor of Himachal Pradesh, Shri Bandaru Dattatreya and the Vice-Chairman NITI Aayog, Dr. Rajiv Kumar are also seen.
He appreciated state government of Himachal Pradesh for undertaking several landmark initiatives for creating an investor friendly environment.
In this context, he mentioned steps taken by the state government, such as single window clearance system, sector specific policies, transparent system of land allotment etc are making it an attractive destination for investment.
Prime Minister described Himachal as having an immense potential for conference tourism.
Prime Minister also visited the exhibition show casing the investment potential and opportunities of Himachal Pradesh.
--------------------------------------------------------------------------------------------------------------------------
PM’s address at the Global Investors’ Meet 2019 in Dharamshala, Himachal Pradesh : 07 Nov, 2019
------------------------------------------------------------------------------------------------------------------------WATCH VIDEO
https://youtu.be/_r3hHj_vki0
Ease of doing business, not sops attracts investors : PM Modi
-----------------------------------------------------------------------------------------------------------------------
Inaugurating a two-day event here to attract investment to Himachal Pradesh, PM Modi pitched for competition among the states on ease of doing business instead of offering "charity" through such incentives.
DHARAMSHALA: Prime Minister Narendra Modi on Thursday spoke against sops like free power, cheap land and tax waivers for industrialists, saying they would rather have a transparent business environment with simpler rules.
Inaugurating a two-day event here to attract investment to Himachal Pradesh, Modi pitched for competition among the states on ease of doing business instead of offering "charity" through such incentives.
He said all states and districts in the country have a role in India's effort to become a five trillion dollar economy by 2025.
"The Industry likes transparency and a clean system. Unwanted rules and undue interference by the government somehow create hindrance in the pace of industrial growth," he said at the Rising Himachal Global Investors' Meet.
Officials claimed that during the events leading up to the summit, businesses have committed investments totalling over Rs 92,000 crore - in the form of MoUs - to Himachal Pradesh, exceeding the targeted Rs 85,000 crore.
Modi said the states earlier used to perform "charity" and provide many incentives to attract investment. "One state would waive tax, another would provide free power.
He said the investors too delayed their decisions, hoping for better incentives from other states.
"But I am satisfied that this situation has changed drastically in the last few years. Now state governments have started realising that the competition on incentives can neither benefit the states nor the industrialists." he said in his 30-minute speech.
"Nowadays, the state governments are coming forward to compete in creating this type of ecosystem. They are simplifying the system, amending laws. Unnecessary laws are being done away with," he said.
On the country's goal to become a five trillion dollar economy, he said, "Every state and every district of the country has a great potential and they will play a vital role in achieving the target."
Himachal Pradesh Governor Bandaru Dattatreya, Chief Minister Jai Ram Thakur, Sikkim Chief Minister Prem Singh Tamang, Union ministers Prahlad Patel and Anurag Thakur and Niti Aayog Vice Chairman Rajiv Kumar attended the event.
The prime minister also stressed on the tourism sector. "Himachal also has a huge potential for investment in the fields of tourism, pharmaceutical and other sectors," he said.
He praised Himachal Pradesh initiatives like the creation of a single window clearance system, transparency in land allotment and sector-specific industry policies.
Jai Ram Thakur said the Vibrant Gujarat event organised by Modi when he was the chief minister of that state showed the way to attract investment to Himachal Pradesh.
=======================================================================
JAY HIND
JAY BHARATHAM
VANDHE MATHARAM
BHARAT MATHA KI JAY.
=======================================================================
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