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INDIA TRANSFORMED INTO ONE OF THE MOST OPEN ECONOMIES IN THE WORLD: PM

INDIA TRANSFORMED INTO ONE OF  THE MOST OPEN ECONOMIES IN THE WORLD: PM

 

Panaji : October 16, 2016

Prime Minister Shri. Narendra Modi said that  the Government has undertaken substantial reforms in the last two years to streamline and simplify governance, especially doing business in India. He said, we have moved up in almost all global indices that measure such performances and the results are visible.

In his address at the meeting with the BRICS Business Council in Goa, Shri. Modi said that India has been transformed into one of the most open economies in the world today.

Promoting economic and commercial engagement has been a fundamental  impulse in the creation of BRICS said Prime Minister Shri. Narendra  Modi. He further said, it was encouraging to see the BRICS Business council take healthy shape three years after its setup.The Council’s work holds much promise for expansion of trade and business among BRICS countries” the PM added.

The new development bank  has achieved progress in very short time and China stands ready for newer opportunities to invest in the BRICS bank as well as the countries.

Prime Minister expressed happiness about the proceedings of BRICS Business Council and said is matching priorities of ease of doing business, dismantling trade barriers, promoting skills development, establishing manufacturing supply chains and infrastructure development.

With this bank , we shall work together to foster good relations and set an example in the world economy said Chinese President, Shri Xi Jinping.

The South African President, Shri Jacob Zuma said that  BRICS is a commitment to cement business ties.  It’s  a  platform to strengthen our economy. It’s true catalyst in the growth of all the countries in terms of infrastructure, electricity generation, oil and other supplies. South Africa will look forward to straighten these ties with the help of the new development bank.

President of  Brazil, Shri Michel Temer  said that  Brazil is very optimistic about its economy and BRICS is a major step and a commitment for its betterment. It will surely increase growth and employment in all the member states. Business will be empowered. Bureaucracy will be strengthened.

The BRICS Business Council was established way back in 2013. The objective of creating the Council was to platform which will promote and strengthen business, trade and investment ties amongst the business communities of the five BRICS countries.