Prime Minister Narendra Modi is addressing the India-Singapore economic convention.
Here are the highlights of his speech:
- Historical ties and cultural proximity are out assets
- Singapore is our 10th largest trade partner globally, second largest in ASEAN
- Outward FDI from India to Singapore has also gone up
- Singapore and India can work together in several positive areas
- Singapore is involved in the master plan of Amaravati, Andhra Pradesh
- Singapore an important, valuable friend of India in our global outlook
- Money has to reach the marginalised. We opened 190 million bank accounts and aim for direct transfer of benefits to the poor
- We are trying to harness India's development potential through policies and our people
- We have introduced the GST Bill in the Parliament and are hopeful to roll it out in 2016
- India is among the most open economies for FDI. with most sectors on automatic route and entry and exit conditions relaxed
- With the Make in India initiative, we are working on all fronts to become a global manufacturing hub
- The hall mark of our strategy is good governance which is participative and policy driven.
- Our commitment to mitigate the dangers of climate change arise from the belief that nature is our Mother. We will do more than required
- In the last 18 months, the run-ways for the take-off of the economy have been made
- Many people of India are under 35. Their energy, enterprise & skill will guide India's transformation
- Reforms are happening in a big way and these reforms are to transform systems
- I am here to invite you to India in a bigger way