Masdar, UAE:
Prime Minister Narendra Modi took part in an investors' meet in the smart, zero-carbon city of Masdar.
Here are the highlights of what he said:
- It took 34 years for an Indian PM to come here.
- I promise, it won't take this long again.
- It needs to be said that the big countries of the 'first world' have begun to falter.
- The eyes of the world are now on Asia.
- I believe India is a land of possibilities.
- 125 crore people aren't just a 'market'. They are a power.
- India is one of the fastest growing economies in the world.
- Asia is incomplete without UAE.
- We want to see Asia do well in the future.
- India's potential, and UAE's power can help shape India's future.
- I have inherited a few troubles - government's lethargy, indecision and the image that it has created.
- I want to fix all that.
- After 30 years, a government with a full mandate has come to power.
- We have decided to allow 100 per cent FDI investment in railways.
- When it comes to defense manufacturing, we want to join hands with you in this. The sky is the limit.
- In the insurance sector, 49 per cent FDI.
- In the real estate sector, there are lots of possibilities.
- When India will celebrate its 75th year of Independence, by then we want to make 50 million low-cost houses.
- There are many countries in the world that don't have 50 million houses.
- But my government has to add that many, in just seven years.
- We want better technologies for low-cost housing.
- For that I know, I must upgrade existing infrastructure.
- In the agricultural sector, I want to build a huge network based on cold storage and warehousing.
- To waste agro products is a crime.
- We realize we are a bit behind in public-private partnerships.
- For the world, India can perform miracles.
- I want to carry it forward.
- You have compelled the world to come and visit your desert.
- Then India has much to offer.
- We want the world at our doorstep as well.
- I want to extend my hand in friendship.
- If we move one step ahead, we solve 1/6th of the world's problems.
- We hold that kind of power.
- We have a stable, decisive government in India.
- Have felt ashamed why we wasted 34 years in coming here.
- I want to fill 34 years' void while I'm here.