AMN
In positive development Indian and Chinese partners today signed 21 agreements in Shanghai in the presence of Prime Minister Narendra Modi, while five others agreements were finalised separately. Through these agreements Chinese companies have committed an investment of 22 billion US Dollars in India.
The prominent sectors in which these agreements were signed include energy, infrastructure, IT, manufacturing, industrial park and project financing.
Addressing the inaugural session of the India China Business forum, Mr. Modi made a strong pitch for the ‘Make in India’ initiative. He said, the economic environment in India is changing and the government has taken several initiatives for promoting ease of business. He even promised personal attention to the Chinese businessmen.
Prime Minister said, “I am here to assure you that India’s economic environment has changed. Our regulatory regime is much more transparent, responsive and stable. We are taking a long-term and futuristic view on the issues. Lot of efforts have been made and are still underway to improve the ‘Ease of Doing Business’. We do believe that FDI is important and it will not come in the country without a globally competitive business environment.
Therefore, we have rationalized a number of issues which were bothering the investors. I would conclude by saying that now India is ready for business. You must be sensing the winds of change in India. I only advise to you to come and feel the same. I assure you of my personal attention for your success.”
Prime Minister Narendra Modi also inaugurated a Centre for Gandhian and Indian Studies at Fudan University in Shanghai today. Addressing students and faculty members on the occasion, Mr Modi said Gandhian principles have become even more relevant today as these can provide answers to the two biggest problems the world faces today – terrorism and global warming.
Prime Minster said that the Gandhian centre would become an important link to bring the two countries closer.
