oppn parties Modi Lays The Red Carpet For The Global Business Community

News Snippets

  • T20 WC: USA enter Super Eights as their last match against Ireland gets washed out. They were ahead of Pakistan in the points tally. Pakistan were eliminated
  • T20 WC: USA enter Super Eights as their last match against Ireland gets washed out. They were ahead of Pakistan in the points tally. Pakistan were eliminated
  • BJD leader and former Odisha CM Naveen Patnaik said that the criticism of his aide V K Pandian is "regrettable"
  • As more than 20 BJP ministers lost in the recent elections, the new Union cabinet will have many new faces from the party
  • Congress Working committee asks Rahul Gandhi to take up the position of Leader of Opposition in Lok Sabha. Gandhi says he will consider the request
  • RBI governor Shaktikanta Das said that gold was shifted to India as the quantum of RBI gold abroad had increased due to recent purchases
  • Delhi HC rules that submitting photographic evidence of adultery will not be enough, they will have to be proved as authentic in the age of deepfakes
  • A four-member panel will review NEET-UG results of 1563 candidates to check if they were given extra marks for exam time loss
  • Mamata Banerjee says her party will not join Modi's oath-taking ceremony. Also says INDIA bloc might stake claim to form government later
  • K C Tyagi of the JD(U) dropped a bombshell when he said that Nitish Kumar was offered the post of prime minister for switching sides. Opposition leaders rubbished the claim
  • This May was India's hottest month in 36 years says IMD
  • T20 WC: India take on Pakistan today. Telecast to begin at 8pm IST
  • T20 WC: Afghanistan stun New Zealand and Bangladesh win against Sri Lanka
  • T20 World Cup: Australia beat England by 36 runs. This spoils England's chances of making the playoffs as they have lost both their matches till now
  • Heat wave continues in the country as monsoon moves slow
G7 commits to promote India-Europe corridor
oppn parties
Modi Lays The Red Carpet For The Global Business Community

By A Special Correspondent

Citing the fours Ds of Democracy, Demography, Demand and Decisiveness, Prime Minister Modi made an impassioned pitch for India as the preferred destination for global, especially US businesses, at the Bloomberg Global Business Forum. Modi's pitch assumes great significance due to the the ongoing trade and tariff war between the US and China and the fact that many US businesses are actively seeking to relocate their manufacturing units outside China.

Modi was at his eloquent best when he told the august gathering that "your desires, and our dreams, match. Your technology and our talent can change the world. Your scale and our skill can speed up global economic growth." For good measure, he added that "if there is any gap, I will act as a bridge."

While expressing his government's desire to partner with global businesses to develop India, Modi reminded them that India presented a golden opportunity that they should not ignore. He said "let me tell you, the new government is only three-four month old. I want to assure that this is only the beginning. Still there is a long way to go. In this journey we want to partner with the global business community. This is a golden opportunity for you."

Modi told the gathering that his government had embarked on rapid urbanization where they could have a huge stake. He appealed to the community to invest in the defence sector. He also reminded them that in order to improve ease of doing business, his government had repealed more than 50 archaic laws. Finally, as a masterstroke, he said his government had also reduced corporate taxes, much more on new manufacturing units, and they should take advantage of that.

This was Modi at his best, doing his PR bit for the country. His impassioned plea, coupled with reduced taxes in India and tariff and Trump-related troubles in China could make US businesses take a serious look at relocating to India. If even a dozen big fishes come, Modi's job will be done and his dream of propelling India to a $5 trillion economy in the next five years will be achieved.