price rise, unemployment ‘Best time’ to invest in India, Dr Jitendra tells Indian diaspora

YB WEB DESK. Dated: 9/26/2022 12:47:31 PM

New York, Sept 25 Union Minister of State (IC) Ministry of Science and Technology; Minister of State (IC) Ministry of Earth Science; MoS of Prime Minister’s Office and Ministry of Personnel, Public Grievances & Pensions Dr Jitendra Singh today told Indian diaspora in New York that this is the “best time” to invest in India, as India is fast becoming the world’s most preferred investment destination. Interacting with eminent diaspora over Community Reception hosted for him at New York, Dr Jitendra Singh pointed out that the pro-business reforms unleashed by Prime Minister Modi in the last eight years like reduction in compliance requirements, removal of retrospective taxation, simplification of the corporate tax rate structure, Insolvency and Bankruptcy Code (IBC) have improved India’s “rank in ease of doing business from 142 in 2014 to 63 in 2022, as per the World Bank report. The Minister was speaking to the Indian diaspora in New York after returning from the Joint Ministerial Plenary of Clean Energy Ministerial (CEM13) and Mission Innovation (MI-7) at the “Global Clean Energy Action Forum- 2022”, at Pittsburgh, Pennsylvania. He led a high-level Joint Indian Ministerial Delegation of Ministry of Power, New & Renewable Energy and Ministry of Science & Technology at the Energy Summit from 21st a to 23rd of September and presented India’s view on clean energy ini tiatives and climate actions at various Roundtables and Joint Ministerial Plenary. Dr Jitendra Singh also invited the NRIs (Non-resident Indians) and PIOs (Persons of Indian origins) to come and explore the great Start-up boom in India, the success of which has become a global talking point. He said, with over 77,000 start-ups and 105 unicorns, our innovators, incubators, and entrepreneurs are making a mark for themselves and this may inspire and encourage you to look at opportunities in India. There is tremendous focus in the country on sunrise sectors such as 5G, artificial intelligence, drones, semiconductors, Block chain, green energy and space economy, the Minister added. Referring to the National Education Policy 2020, Dr Jitendra Singh says, it opens myriad avenues to enhance our universityto-university links, joint academic programs, credit portability and research partnership. He said, India is now open to foreign universities setting campuses in the country and we are hopeful that US Universities will take advantage of these opportunities. Dr Jitendra Singh said, as two democracies with shared values, open exchange of knowledge remains key to our strong partnership. Indian students in the United States of America are integral to it, and so are our ties between universities and educational institutions on both sides. We also have a large number of Indian academicians

 

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