welcome you all to the Vibrant Gujarat Summit. I also wish you a very happy,
prosperous and successful new year. I fondly recall the
modest launch of this event in 2003. Since then it has been a very successful journey.
express my gratitude to the partner countries and organisations – a list which
includes Japan, Canada, USA, UK,
Netherlands, Australia, Denmark, France, Poland, Sweden, Singapore and UAE. I
particularly thank the initial partner countries of the Vibrant Gujarat event: Japan
other prestigious global organisations and networks are also partners of this
event. I thank you all for this partnership. Your presence is a source of motivation
for business leaders as well as young entrepreneurs gathered
here. Without your support,
this event could not have seen eight biennial chapters; each
better and bigger than the earlier one.
last three events have been particularly big. The
presence of political and business leaders from more than 100 countries, and a large
number of organisations from around the world make this a truly global event.
would urge the participants to reach out to each other and to derive the
greatest benefit from this summit. You
should also visit the trade show and the exhibition where
hundreds of companies have showcased their products and processes.
the land of Mahatma Gandhi and Sardar Patel, also represents the business
spirit of India. Through the ages, it has led in commerce and enterprise. Centuries
ago, its people went across the seven seas in search of opportunities. Even
today, this state boasts of being the origin of the highest number of our people
living and working abroad. And wherever they have gone, they have created a
mini-Gujarat. We proudly say: ज्यां
ज्यां बसे एक
In other words, Wherever a Gujarati resides; there,
forever, resides Gujarat.
is currently in the midst of the Kite Festival. May the kites inspire us all to
I have often said India’s strength lies in the three Ds: Democracy,
Demography and Demand.
biggest strength is the depth of our Democracy. Some people say that
democracy cannot deliver effective and fast track governance. But we have seen
in the last two and a half years that it is possible to
deliver quick results in a democratic set up as well.
the last two and a half years, we have also evolved a culture of
healthy competition among states. States are being
rated on parameters of Good Governance. The
World Bank is helping us in this process.
Coming to Demography, ours
is a nation of vibrant youth. The disciplined, dedicated, and talented youth
of India offers a globally
unmatched work-force. We are the second largest
English speaking country. Our youth are
not merely looking for jobs. They
have begun taking risks and often prefer to become Entrepreneurs.
On the Demand front, our
rising middle class offers a huge domestic Market.
has been kind to us. Our
three crop seasons enable us to grow food, vegetables and fruits in abundance.
diversity in our flora and fauna is unparalleled.
The richness of our culture and its living symbols is unique. Our Institutions
and scholars are recognised the world over. India is now an emerging R&D hub.
We produce the world’s second largest number of scientists and engineers.
Government was elected first and foremost on the promise to provide clean
Governance and end the prevailing regime of Corruption and nepotism. It is our
vision and mission to bring a paradigm shift
in the ways of our polity and Economy. We have taken a series of decisions and
steps in this direction. To give you some examples, we are bringing a
From relation based Governance to system
From discretionary administration
to policy based administration;
From random interference
to Technological intervention;
to level playing field;
From Informal economy to formal economy.
doing this, digital Technology has played a key role. I have often said that
e-governance is easy and effective Governance. I have also emphasized the need
for policy driven Governance. Online processes help bring speed and openness in
decision making. Towards this end, we are working to adopt and absorb newer
technologies, to bring about transparency, and to end discretion. Believe me,
we are on the threshold of becoming the world’s most digitised economy. Most
of you wanted this change in India. I am proud to say that it is happening
the last two and a half years, we have worked relentlessly to realise
India’s potential, and to set right the economy. The results have been
encouraging. There has been substantial improvement in key macro–economic
indicators like GDP growth, inflation, fiscal deficit, current account deficit
as well as foreign Investments.
has become the fastest growing major economy in the world. Despite the global
slowdown, we have registered excellent growth.Today,
India is a bright spot in the Global Economy. We are seen as the engine of
Bank, IMF and other institutions have projected even better growth in the
coming days. In 2014-15, India contributed 12.5 per cent of global growth. Its
contribution to global growth is sixty eight per cent higher, than its Share of
the world economy.
an enabling environment for business, and attracting investments, is my top
priority. We have to do this in order to create opportunities for our youth. With
that spirit, we are moving towards implementation of some historic Initiatives.
This includes the Goods and Services Tax.
Insolvency and bankruptcy Code, the National Company Law Tribunal, a new
arbitration framework and a new IPR regime are all in place. New commercial
courts have also been set up. These are just a few examples of the direction
in which we are going. My government is strongly committed to continue the reform
of the Indian Economy.
have placed the highest eMphasis on Ease of Doing Business. We have taken
decisive steps to ease licensing processes, and rationalize provisions
and procedures relating to clearances, returns, and inspections. We
are monitoring implementation of hundreds of action points across various
Sectors, aimed at improving the regulatory framework. This is part of our
promise of Good Governance.
outcomes of our efforts are visible in India’s
global rankings on various indicators. A
number of global reports and assessments over the last two years have shown
that India has improved its Policies, practices and hence its economic profile.
rank has improved considerably, in the World Bank’s Doing Business Report.
is ranked third in the list of top prospective host
economies for 2016-18 in the World Investment Report 2016 released by UNCTAD.
rank also improved by thirty two positions in World Economic Forum’s ‘Global
Competitiveness Report 2015-16 and 2016-17’;
have moved up sixteen ranks in the ‘Global Innovation Index 2016’ brought out
by WIPO and other institutions;
have moved up nineteen positions in the World Bank’s ‘Logistics Performance
Index of 2016.’
can see that we are moving closer to global Best practices. Day by day we are
getting more and more integrated with the world. Our confidence has been
boosted by the positive impact of our policies and
practices. This also gives us the motivation to further simplify our processes
to become the easiest place to do business.
day, we are further rationalising our policies and procedures, to make it
simple for businesses to establish and grow.
have liberalised our FDI regime in many Sectors and in various ways. India is
today among the most open economies.
change in environment has been recognized by both
domestic and Foreign Investors. An encouraging
Start-up eco-system is now taking shape in the country. This unleashing of the
youth power is heartening.
total FDI inflows in the last two and a half years have touched US
Dollars one hundred and thirty billion. The FDI equity inflow in the last
two Financial Years was sixty per cent higher as compared to previous two
financial years. In fact, the total FDI inflows received during the last year
have been the highest ever.
number of countries from where FDI is coming in, and the sectors in which they
are being routed have also diversified in the last two years. India is now the
leading recipient of capital investment in the Asia-Pacific. It also continues
to be among the top ten countries globally in terms of FDI inflows.
the story does not end here. India has left every other country behind in terms
of providing return on investment. In 2015, India has risen to first position
in the Baseline Profitability Index.
in India has become the biggest brand that India
has ever had. It is directed towards making India a
global hub for manufacturing, design and innovation.
गया; मैं अगर
पांच बार “Make In India” बोलता
था वहां तो Host country
in India” बोलते थे।
एक प्रकार से “Make in
India” ये दुनिया
की नजरों में
भारत को एक Investment का destination बना
चुका है। भारत
के initiative, केंद्र
प्रयास “Make in India” के
लिए बहुत सारे
इस Opportunity का लाभ
के बीच में Competition पैदा
हो और वो भी Good Governance and Eco-System
आधार पर हो। Competition पहले
भी हुआ करती
पहले एक राज्य
दूसरे से ज्यादा
चीजें दे देता
तीसरे से ज्यादा
देता था; देने
होती थी, आखिर
अगर कोई नहीं
आता था लेकिन
जहां–जहां Good Governance को बल
दिया गया, जहां–जहां Proper Eco-System पैदा
किया गया, जहां–जहां Regulations को
ठीक किया गया, जहां–जहां Business Environment को Friendly बनाया
बाहर के लोग
भी आने लगे और
इसलिए “Make in India” या
कहीं पर भी
नहीं है। और
अपनी Progressive नीतियों
के आधार पर Good Governance को
बल देते हुए Foreign Direct
में बहुत ही
सिद्ध की है।
की पूरी टीम को
इसके लिए मैं
in India’ has celebrated its second anniversary
am delighted to share that we have become the sixth
largest manufacturing country in the world, up from ninth largest previously.
Our Gross Value Added in manufacturing has recorded a growth of nine per cent
in 2015-16. This is much higher than the five to six per cent growth in the
previous three years.
this is helping us expand the job market and raise the purchasing power of our
people. But the real potential is even higher.
give you a few examples: India’s Food Processing Industry is expected to
increase almost five fold in the next ten years. Similarly, India’s low vehicle
penetration makes it one of the world’s most attractive auto markets.
the Government level, we have to ensure that our growth process is inclusive
and embraces both rural and urban communities.
एक भारत ऐसा
देश है हम
गांव और शहर
के बीच संतुलित
विकास के पक्ष
नीतियों का लाभ
गावं और शहर,
दोनों को समान
रूप से मिलना
योजना की priority में
भी गांव को भी
उतना ही महात्मय
अन्तिम Benefit गांव
गरीब किसान तक
हमारा priority का रहने के
केंद्र में उन
बातों को हमने
बल दिया है।
are committed to an India with:
Better job opportunities;
Better purchasing power;
Better quality of life;
And better living standards.
Development needs are huge. Our development agenda is ambitious.
We want to provide a roof over every
गरीब को घर
होना चाहिए और
अपना घर होना
चाहिए और 2022 तक
ये सपना ले
करके हम चल
We want to provide jobs to every hand;
800 millions 35 से
कम age group के Indians जो एक
युवा भारत है।
उम्र 35 thirty five से कम है,
इन हाथ में
हुनर हो, काम
का अवसर हो, तो
के सामने बना
करके खड़ा कर
के प्रति मेरा
है, हम सबका है और
हम सबका जिम्मा
भी है कि उस
अवसर को हम
दें। और हम
अवसर दे सकते
We want to produce energy that is cleaner;
We want to build roads and railways faster;
We want mineral exploration to become greener;
We want to build urban amenities that
We want to see our quality of life getting
better and better
are taking a leap towards next generation Infrastructure: in both core and
social sectors; in both rural and urban areas. This
includes Freight Corridors, Industrial Corridors, High Speed and Metro Rail
projects, Logistics Parks, Smart Cities, Coastal Zones, regional airports, water,
sanitation and energy initiatives. Our per capita electricity consumption must
rise. Even as we do so, we are committed to promoting renewable energy.
are keen to promote tourism in a big way and this needs tourism infrastructure.
जब मैं Renewable Energy की
बात करता हूं Hundred Seventy Five
एक जमाना था
हम Megawatt की
चर्चा करते भी
डरते थे, आज
देश Giga Watt के सपने
देख रहा है।
ये बहुत बड़ा,
बहुत बड़ा बदलाव
है। Hundred Seventy Five Giga Watt renewable energy, Energy-mix जिसमें
Solar हो, Wind हो, Nuclear हो
और दुनिया जो Global Warming से
परेशान है, उस
बचाने का सपना
हमने भी देखा
है। और हम भी Hundred Seventy Five
Giga Watt के
विश्व को Global Warming से
बचाने के उस संकल्प
को पूरा करने
अपनी नंबर एक
की भूमिका अदा
करने के लिए कृतसंकल्प
हो करके आगे
बढ़ रहा है, तो
मैं पूरे विश्व
देता हूं आइए, Hundred Seventy Five
Giga Watt renewable energy के
क्षेत्र में Investment के
लिए Sky is the limit और हमारी Policies are very
है कि मानवता
का भी ये काम
है जीवन की
तरफ देखने का
बदलने का ये
अवसर है। हमने
दो शताब्दी Exploitation of Nature के
अंदर खपा दी
हैं। अब हमारा
कि आने वाली
को Exploitation of Nature के हमारे
सोच में से
बाहर ला करके
हमारी Nature को Strengthen करने की Basic चीजों
को ले करके
अवसर है। और
उस बात को ले
चलेंगे तो हम
विश्व में एक
में बहुत बड़ी
अदा कर सकते
targets for construction of roads and laying of railways have been increased
manifold. India is going to emerge as one of the World’s Largest construction
markets as it adds millions of homes. All this offers unprecedented opportunities
for the investor community. Most of you can work with
us in a number of areas which include:
From hardware to software;
From soft skills to scientific temper
From Medicine to tourism;
daresay, that India alone offers the opportunities that could rival those of an
entire continent. It offers today, the possibilities of a full century. And we
want to do all this in a cleaner, greener and sustainable way. We are committed
to protect the environment and uphold our responsibility towards Nature. Ultimately,
this is what India has stood for since ages.
The land of tradition and tranquillity;
The land of empathy and excitement;
The land of experiment and enterprise.
The land of openings and opportunities;
again, I welcome you and invite you to be part of –
India of Today;
and India of Tomorrow.
assure you that I will be available to hold your hands whenever required.