India received record investment during pandemic: PM at Assocham event

at 5:37 pm
India's first driverless Metro train to be flagged off on Dec 28 by PM Modi

New Delhi (NVI): Prime Minister Narendra Modi today said the world has confidence in India which is reflected in record-high foreign investment into the country during the coronavirus pandemic.

While delivering the keynote address at Assocham Foundation 2020 event, Modi also urged the citizens to exert all pressure in order to achieve Atmanirbhar Bharat.

“The world has confidence in the Indian economy. During the coronavirus pandemic when the world is distraught over channelling investments, we have received a record amount of Foreign Direct Investment (FDI). We have to increase our domestic investments in order to sustain this confidence,” PM Modi said.

“In the coming years, for Atmanirbhar Bharat, all of you should exert all possible force which can be mustered. The world is heading towards another Industrial Revolution. So from today we must plan & act on achieving our nation-building targets,” he added.

Modi said India’s challenge is not just to become self-reliant but also achieve this goal in a time-bound manner.

Prime Minister also presented the ‘Assocham Enterprise of the Century Award’ to Tata Group.

In the last 100 years, ASSOCHAM and the entire Tata group has worked very hard to strengthen India’s economy and help the common Indian. Ratan Tata has been honoured for his distinguished contributions to the country, said PM Modi

Modi also said that the global narrative towards India has changed with new reforms and the country’s industrial sector must play a major role in the Industrial Revolution that is taking place in the world.

“With new reforms, ease of doing business, ease in labour laws compliance and innovations, the past’s rhetoric of “Why India?” has turned to “Why not India?” said PM Modi.

“For the past 100 years, all of you have been involved in improving the economy of the country and the lives of crores of Indians. The coming 27 years will not only determine India’s global role, but it will test both dreams and dedication of Indians. This is the time to show your capability, commitment and courage as Indian Industry to the world,” he added.

-CHK