PM Modi explains to global business leaders at WEF
The Indian Government has invested US$150 billion in urban development during 2014-20 and is focused on sustainable urbanisation such as ease of living, ease of doing business and climate sensitive development, Prime Minister Narendra Modi has told global business leaders at the World Economic Forum.
Addressing the WEF on 28 Jan 2021, he invited global investors to take advantage of US$26 billion dollar Production Linked Incentive (PLI) scheme that supports India’s industrialisation programmes.
The Prime Minister took questions from Joe Kaeser, Siemens President & CEO Joe Kaeser, ABB CEO Bjorn Rosengren, Mastercard CEO Ajay S Banga, CEO, Mastercard, NEC Corp Chairman Nobuhiro Endo and IBM’s Arvind Krishna.
He explained developments taking place in the country, such as US$1.5 trillion of projects implementation under the National Infrastructure Pipeline, the recent years’ massive financial, the strengthening of MSME sector, the Digital India initiative and the Aatamnirbhar Bharat campaign for making India a manufacturing and export hub.
The Prime Minister said India, along with possibilities, is filled with confidence and drive as there have been continued emphasis on reforms and incentive based stimulus.
Modi asserted that India is working on all the four factors of Industry 4.0 – connectivity, automation, artificial intelligence or machine learning and real-time data.
“India is among the countries where data charges are the cheapest and mobile connectivity and smart phones have reached far and wide. India’s automation design expert pool is vast and the country has made a mark in the field of AI and machine learning,” he underlined. #investment #technology #manufacturing #exports #infrastructure #projects #WEF /fiinews.com
