For global leaders and corporate honchos, India is the country they have set their eyes on with the business friendly Modi administration trying to revive the country’s economic growth.
On Sunday, Modi opened the 7th vibrant Gujarat global summit in the presence of UN Secretary General Ban Ki-moon, US secretary of state John Kerry, World bank president Jim Yong Kim, senior ministers from UK, Australia, Singapore, Poland, Japan and diplomats and CEOs of many multinationals asking the internal business community to invest in India, which offered democracy, demography and demand.
All top leaders lauded the Modi administration’s initiatives on various fronts and at the same time, flagged off their concerns asking the government to do more in opening up the economy.
Kerry, who flew down ahead of the president Barak Obama’s visit on the Republic Day, said “… a new chapter between India and US was being written today.”
“Together, we can create an environment where all of our companies play leading roles in bringing cutting-edge technologies, equipment, capital, and know-how not just to India but to countless countries that need this growth and development now,” Kerry said, noting that bilateral trade between the two countries stood at nearly $30 billion.
Flagging concerns over climate change, Kerry said it was affecting crop production, economy and raising cost of doing business. “…believe me, if it continues down the current trend line, we will see climate refugees, fighting each other for water and seeking food and new opportunities.”
United Nations secretary general Ban Ki-moon also lauded the PM’s for developing renewable energy solar and wing projects and inclusive growth in the country.
World Bank president Jim Yong Kim described India as “bright spot in an otherwise medium global economic outlook.”
Senior ministers from UK, Japan, Australia, Singapore, Netherlands and Poland said that their companies were looking at India for investment opportunities across the range of sectors from manufacturing to financial services and infrastructure projects.