New York, Sep 25: Union Minister of State, Dr Jitendra Singh Sunday 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 JitendraSingh 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 initiatives 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 university-to-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.
The Minister told the Indian Diaspora that they represent the aspirations of a new India, an India that is on the march towards ‘AmritKaal’, the golden age of progress and growth.