New Delhi, September 14: Union Minister Anurag Thakur on Tuesday said that the cascading impact of the COVID-19 pandemic has highlighted the importance of engaging with partner countries for fruitful development for all. In his virtual address at a session on ‘India’s Future: LAC Partnership in Services’ at FICCI’s Leeds 2021 programme, Thakur said that India has set global benchmarks in all five areas of leadership, excellence, adaptability, diversity and sustainability. Huh.
“The pandemic has made it imperative that we re-imagine our future and realize our efforts. It has highlighted the importance of a healthy body, clean environment and an inclusive society and hence it is even more important that we engage with our partners for the fruitful development of all. “India has set global benchmarks in all five areas of leadership, excellence, adaptability, diversity and sustainability. India has very good relations with its Latin America and Caribbean (LAC) partners. Over the years, deepening ties with the region have translated well into great trade ties and have brought the countries together on a path of sustainable economic growth,” Thakur said. He added that bilateral trade in the region has increased in the past. has increased five times in five years to reach approximately USD 39 billion.
The Information and Broadcasting Minister said that several MoUs have been signed with the LAC countries and even during the pandemic, the latter showed immense cooperation. “More than 3,000 Indian nationals stranded in their territory were brought back. Different ways were found to drive out Indians, which made the relations between India and these regions more cordial and friendly.” He said that India has already been established as the center of the service sector of the world, especially Highly Professional IT & Financial Services Services.
“We have a growing pool of technologists, innovators and entrepreneurs who are developing simple solutions to complex problems. This commonality and linkage between our emerging markets can open up new opportunities for industrial prosperity and human development. “India and the LAC nations have developed into diverse and mature global trade and investment partners. However, the pandemic has highlighted the need for collaborative efforts in the service sector to transform lives. The Government of India led by the Prime Minister has given various solutions, which have far-reaching benefits not only for India but for all interested partners.” Highlighting that India has a vast digital public infrastructure, Thakur spoke about the UPI BHIM Gave an example of the app. And said that with the trinity of Jan Dhan, Aadhar and Mobile, it has ensured welfare delivery directly to the beneficiary without any delay.” This brought more accountability and transparency in the system. Today, over a billion biometric identities, over a billion bank accounts and over a billion cell phones give India the largest digital public infrastructure ever in the world that is also shaping a billion new dreams. This is an opportunity, a market and a change unlike any other in the world. Said. Another innovation that proved to be extremely beneficial in tackling the pandemic was the Aarogya Setu app, which last year ensured smooth management of the pandemic, the minister said. and the COWIN app ensured smooth immunization of people this year.” These innovative solutions have set global benchmarks for the world. Not only this, the government has emphasized on major reforms in the ease of doing business. This has made India one of the most preferred investment destinations in the world.”
Thakur said the response from world investors is evident from the FDI inflows of around USD 82 billion in the last year. “This year, India has already attracted over US$ 22.53 billion foreign direct investment during the first three months,” he said.
Thakur highlighted the agricultural reforms and said that they have opened up space for efficiency and innovation in a big way. “It has paved the way for efficient agricultural inputs and supply chain management. Labor law reforms have made compliance much easier.” He said that the introduction of faceless assessment and income tax along with the deployment of GST has revolutionized the tax system of the country, he said, adding that not only the world’s largest technical Giants are in awe of it. These are hugely successful socially relevant innovations but other countries are also ready to adopt them for their citizens.” This is a new India where policy makers are matching the pace of technology. With the youthful energy of 1.3 billion Indians, we are marching ahead to realize the dream of Atma Nirbhar Bharat (Self-reliant India), which is not only self-reliant, but also capable of leading our partners in implementing innovative sustainable solutions ,” Thakur said. He added that technological changes bring systematic disruption and at the same time they come with the promise of increasing global GDP and thereby improving income, health care, education and food production. “I believe It is expected that the biggest growth will be seen in the services sector and this growth will also drive progress in agriculture and manufacturing. These changes will provide immense opportunities for growth and development and will provide employment opportunities. Thus, we need to go forward in an inclusive and sustainable manner. There is a need to develop a sustainable system.”
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