DEHRADUN: Prime Minister Narendra Modi inaugurated Uttarakhand’s first investors summit Sunday, saying India is the ideal investment destination in the world today with major social and economic changes sweeping the country.
Addressing the country’s top business leaders and industrial houses at ‘Destination Uttarakhand: Investors Summit 2018’, Modi said the country was passing through an era of
unprecedented social and economic changes at present and expressed confidence that in the coming decades India will become the engine of world economic growth.
“Fiscal deficit has come down, the rate of inflation has come down. The middle class is growing and the country is full of demographic dividend.“In the past 4 years, the State and Central Governments together have taken over 10,000 measures, which have helped the country improve its position in the ease of doing business rankings by 42 points,” Modi said, describing the current times as the best for investors in the country.
GST is the biggest tax reform in the country post independence which has turned the country into a single market, he said.
Highlighting rapid growth in the infrastructure sector, the Prime Minister said 10,000 km highways have been built, which is double in comparison with what was done by earlier governments.
The aviation sector is growing at a record speed with 100 new airports and helipads coming up across the country. Type II and Type III cities are getting air connectivity.
With the high speed rail projects and metro lines in various cities and the Centre’s policy of housing for all, power for all, fuel for all and banking for all, scenario of an ideal investment destination becomes complete, Modi said.
Describing Uttarakhand as a shining jewel in the crown of emerging new India, Modi extended an invitation to top industrial houses to invest in the State, which has taken huge strides in its development since its creation. When former Prime Minister Atal Bihari Vajpayee decided to create Uttarakhand, the challenges were big but now the scenario has changed, with major steps taken in terms of infrastructure building and connectivity.