PM Narendra Modi addressing industry leaders at a business summit in New Delhi.
US President Barack Obama and Prime Minster Narendra Modi are addressing industry leaders at a business summit in New Delhi's Taj Palace hotel.
Here are the highlights:PM Narendra Modi at Indo-US CEO meet:- PMO will monitor all big projects.
- Ease of doing business initiative has been taken up by the government to make business easy.
- Policy driven state with consistency will solve many problems.
- Pro-people, good governance is the solution.
- Issues that you have flagged is good for me to know, helps to know how investors feel about how govt should work.
- In any part of the world, people can decide whether to invest or not on the basis of policy.
- Can't be on individual whim, need consistency in policy.
- We have formed a joint working group on intellectual property rights.
- In agriculture, our mission is per drop more drop.
- I'm addressing the climate issue, issues of framers and also availability of water.
- I want to focus on skill, scale and speed.
- Big projects will be monitored by the PM's office. I take responsibility.
- India is full of possibilities, we have both talent and scope.
- In the past 8 months we have worked tirelessly to fulfill the mandate of the people, to improve their quality of life.
- Our task is huge, it won't happen overnight.
- We are conscious of our challenges, but also inspire by our many successes.
- For India the journey has been impressive but the road ahead is still long.
- Some of the pledges made in Washington in September have begun to flow in, I do keep track of these things.
- You will find an open environment, we will guide you and walk with you in your projects.
- We have the energy of our youth, enterprise of business, genius of our farmers.
- Growth in the 8 core sectors of the economy has increased sharply, inflation at a 5 year low.
- 110 million new bank accounts have been opened in the last 4 months.
- Everything we wish to do involves enterprise and investment, but even more innovation and imagination.
- In the world of economies, numbers are often an unforgiving mirror to performance, our economic growth has increased by a percentage point.
- Our ambition of a clean Ganga involves 500 million people and hundreds of towns, thousands of villages.
- Success of 1/6th of humanity will be a great outcome for the world. It will be a world with much less poverty and want.
- Prosperity is no guarantee for peace but India sees the world as one family and we wish to shape it in the values that define our nation.
- Our interdependent world needs strong international partnerships even more than before.
- More than 100 thousand Indian students in the US. They show the partnership of tomorrow.
- We can achieve greater success if we work together.
- Our partnership will help address global challenges.
- For too long we have looked at each other over Europe and the Atlantics but when I look East, I see the western shores of US.
US President Barack Obama at the CEO meet:- I am excited that not only is the US investing in India but a lot of Indians are investing in the US.
- PM Modi and I are interested in smart regulations.
- Incredible business talent exists in India.
- There is a natural convergence between the 2 countries.
- The Indian diaspora has created incredible companies, values all over the world.
- The PM must be tired of me by now but what's another speech between friends.
- ' We've got to do better' - (On trade with India)
- Growing trade is a win for India as more American made machinery can upgrade India's infrastructure.
- Of all US imports just 2% come from India and all of US exports, about 1% come to import - that's 1% to a billion people.
- Great interest on part of US companies to find consistency, clarity, greater simplicity in regulatory and tax environment in India.
- We have taken another big step forward in Defence cooperation.
- We have agreed to resume dialogue on bilateral investment treaty.
- OPEC will support lending to small and medium businesses across India over $1 billion.
- Must keep working towards making business between India and US easier
- Need to be fostering a business environment that is consistent and more predictable
- We have to keep working to cut red tape, streamline regulations so that more companies set up shop in America
- Here is India there are still many hoops to jump through
- Can work together to develop new technologies that will help India move forward.
- Growth has to make people's lives better in real and tangible ways.
- Have to make sure economic growth in India and US is sustainable.
- US Trade and Investment Development Agency to provide USD 2 billion for renewable energy projects.
- I know the PM has expressed his commitment to work together, you have the commitment of the President of the United States and his administration.