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New York [US]September 25 (ANI): Union Minister Jitendra Singh, who is on a 5-day visit to the US on Saturday, interacts with the Indian diaspora in New York and encourages them to invest in India as it is the ‘best time’ to do so .
In New York, Jitendra Singh told the Indian diaspora that it was the “best time” to invest in the country, as India was fast becoming the world’s investment destination, an official statement said.
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A community reception for ministers in New York, where he pointed to pro-business reforms initiated by Prime Minister Narendra Modi over the past eight years, such as lowering compliance requirements, eliminating retrospective taxes, simplifying corporate tax rates According to a World Bank report, the Insolvency and Bankruptcy Code (IBC) has boosted India’s “ease of doing business” ranking from 142 in 2014 to 63 in 2022.
Jitendra Singh speaks after returning from the Clean Energy Ministerial (CEM13) and Innovation Mission (MI-7) Joint Ministerial Plenary at the Global Clean Energy Action Forum 2022 in Pittsburgh, Pennsylvania.
He led a high-level joint ministerial delegation from the Ministry of Electricity, New and Renewable Energy and the Ministry of Science and Technology of India at the Energy Summit from 21 to 23 September, as well as at various roundtables and joint meetings Presentation of India’s Perspectives on Clean Energy Initiatives and Climate Action Ministerial Plenary.
Jitendra Singh also invited NRIs (non-resident Indians) and PIOs (people of Indian origin) to explore the great startup boom in India, the success of which has become a global topic.
With over 77,000 start-ups and 105 unicorns, India’s innovators, incubators and entrepreneurs are making their mark, which may inspire and encourage you to look for opportunities in India, he said. The minister added that the country is very focused on the rising fields of 5G, artificial intelligence, drones, semiconductors, blockchain, green energy and the space economy.
Speaking about the National Education Policy 2020, Jitendra Singh said it opens up countless avenues for strengthening our university-to-university linkages, joint academic programmes, credit portability and research partnerships. He said that India is now open to foreign universities setting up campuses in the country and we hope that American universities will take advantage of these opportunities.
According to the official statement, Jitendra Singh further stated that as two democracies with shared values, the open exchange of knowledge remains key to our strong partnership. Indian students in the United States are an integral part of that, as are the links between our universities and educational institutions. We also have a large number of Indian academicians and research scholars in the United States. The minister informed that Indian students are the second largest cohort of college students in the United States, and what sets them apart is that most of them are enrolled in science, technology, engineering and mathematics (STEM) programs. They have contributed to the cross-flow of knowledge, technology, research and prosperity between the two countries, he said, and developing talent in this niche area is of particular importance for the digital age, advancing the knowledge economy and building a greener planet.
He said there are many Fortune 500 companies right now, be it Google and its parent company Alphabet, Microsoft, Adobe, IBM, Alphabet, Twitter, FedEx, NetApp and Starbucks, and Indians are either leading them or playing a major role. in senior management.
He further said that India-US relations have become the defining partnership of the 21st century, with India’s merchandise exports hitting a new high of US$417.81 billion in fiscal year (FY) 2021-22, according to government data, marking a surge from 2911.8 million in the previous fiscal year. billion US dollars increased by 43.18%.
He said this is the first time India has achieved its ambitious target of crossing the $400 billion mark for its merchandise exports, and it also shows that India is starting to emerge as a trusted partner as global companies seek to diversify their supply chains and reduce their Dependence on China.
The minister concluded by saying that in India and around the world we are celebrating India’s 75th anniversary of independence and its incredible journey as a vibrant democracy and a thriving economy.
The minister told the Indian diaspora that they represent the aspirations of a new India, an India that is moving towards ‘Amritkar’, a golden age of progress and growth. It was also heartening that the Federation of Indian Associations (FIA), in partnership with the Indian Consulate, held the largest India Day parade in New York City on August 21 this year, the statement read.
The minister called on them to join hands to celebrate India’s diversity, arts, innovation, sporting achievements and more and contribute to India’s progress as a nation.
Singh set off for India after a productive 5-day visit to the United States to participate in the Global Clean Energy Action Forum and engage meaningfully with prominent academicians as well as the Indian diaspora. (ANI)
(This is an unedited and auto-generated story from the Syndicated News feed, the body of the content may not have been modified or edited by LatestLY staff)
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