PM Narendra Modi offers opportunity to invest in India's urbanization at Annual Bloomberg New Economy Forum
India

PM Narendra Modi offers opportunity to invest in India’s urbanization at Annual Bloomberg New Economy Forum

New Delhi: Prime Minister Narendra Modi on Tuesday (November 17, 2020) supplied a possibility to the buyers to put money into the Indian urbanization whereas talking on the third Annual Bloomberg New Economy Forum.

PM Modi throughout a video conferencing tackle mentioned, “If you are looking to invest in urbanisation, India has exciting opportunities for you. If you are looking to invest in mobility, India has exciting opportunities for you. If you are looking to invest in innovation, India has exciting opportunities for you. If you are looking to invest in sustainable solutions, India has exciting opportunities for you.” 

He mentioned, “These opportunities come along-with a vibrant democracy, a business-friendly climate, a huge market and a government which shall leave no stone unturned to make India a preferred global investment destination.”

The Prime Minister mentioned that post-COVID-19 world will want a restart, nonetheless, the restart is not going to be attainable and not using a reset. 

“A reset of mindset. A reset of processes and a reset of practices. The pandemic has given us an opportunity to develop new protocols in every field. This opportunity should be grabbed by the world if we want to develop resilient systems for the future. We should think about post-COVID requirements of the world. A good starting point would be the rejuvenation of our urban centers,” PM Modi added.

Dwelling on the theme of rejuvenation of the city centres, PM Modi emphasised the centrality of the individuals within the restoration course of. 

Terming individuals as the largest sources and the communities as the largest constructing block, he mentioned, “The pandemic has re-emphasised that our biggest resource, as societies and as businesses, is our people. The post-COVID world has to be built by nurturing this key and fundamental resource.”

The Prime Minister careworn the necessity to carry ahead the learnings of the pandemic interval. 

Talking in regards to the cleaner surroundings throughout the lockdown interval, he questioned whether or not we will construct sustainable cities the place a cleaner surroundings is the norm and never an exception?  

“It has been our endeavour in India to build urban centres, which have the amenities of a city but the spirit of a village,” PM mentioned.

He knowledgeable the discussion board in regards to the current initiatives for revitalizing the Indian city panorama resembling Digital India, Startup India, reasonably priced housing, Real Estate (Regulation) Act and Metro Rail in 27 cities. 

“We are on track to deliver close to 1000 kms of Metro Rail system in the country by 2022,” the Prime Minister knowledgeable the discussion board.

He additionally mentioned, “We have selected 100 Smart Cities through a two-stage process. It was a nationwide competition upholding the philosophy of cooperative and competitive federalism. These cities have prepared projects worth almost two lakh crore rupees or 30 billion dollars and projects worth almost one lakh forty thousand crore rupees or 20 billion dollars have been completed or nearing completion.”

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