ADB Annual Meeting: Union Finance Minister Nirmala Sitharaman has invited investors to be a part of the Indian economy’s journey into Amrit Kaal, a 25-year journey towards its centenary as a modern nation, saying it is a time of growth and investment. full of new opportunities.
The Indian Finance Minister, who is in Incheon, South Korea to attend the 56th ADB Annual Meeting, highlighted the vision of good governance and reforms to shape and redefine the ‘New India’ under the leadership of Prime Minister Narendra Modi- Oriented approach explained in detail. place in the global economic system.
Sitharaman talks about the recent reforms in India
Addressing the Investors Roundtable meeting, Sitharaman talked about the recent reforms in India and initiatives such as National Infrastructure Pipeline (NIP), National Monetization Pipeline, Digital Public Infrastructure and Production Linked Incentive, apart from real estate sector and FDI policy reforms. Thrown light on.
India’s Finance Ministry said, “The Minister invited investors to be a part of the Indian economy’s journey into the ‘Amrit Kaal’, which is full of immense new opportunities for growth and investment.”
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During the meeting with investors, he mentioned that India has emerged as a beacon of hope as it weathers the headwinds of the pandemic and geopolitical conflicts to become the world’s fifth largest economy.
The Minister appreciated the investors in South Korea for showing continued confidence in India and for indicating their willingness and commitment to participate in the Production Linked Incentive Scheme, especially for the mobile phone and electronic components sectors.
Sitharaman meets Fiji’s Deputy PM
Meanwhile, Sitharaman held a meeting with Fiji’s Deputy Prime Minister Biman Chand Prasad on the sidelines of the 56th annual meeting of ADB.
He acknowledged the full support of the Government of Fiji for the successful conduct of the 12th World Hindi Conference to be held in Nadi, Fiji in February this year.
Prasad informed the Indian minister that the Fiji government had designated 15 May as Girmit Day – marking 144 years since the arrival of Indian indentured labor in Fiji on 14 May 1879 – as a new national holiday in Fiji. The two leaders discussed the upcoming 3rd Summit of the Forum for India Pacific Islands Countries Cooperation (FIPIC) in Papua New Guinea. Prime Minister Modi will co-chair the summit with James Marape, Prime Minister of Papua New Guinea.
(With PTI inputs)