Right time to join India’s growth story: PM Modi at 18th Asia-Pacific Conference of German Businesses
| 2024-10-25
PM Narendra Modi speaks at the 18th Asia Pacific Conference of German Business in New Delhi on October 25, 2024.
Prime Minister Modi also invited business leaders to take advantage of the green hydrogen ecosystem that India was developing
Describing talent, technology, innovation, and infrastructure as key drivers of the country’s development, Prime Minister Narendra Modi invited top CEOs and business leaders from Germany to join India's growth story while addressing them in New Delhi on Friday (October 25, 2024).
“This is the right time to join India's growth story. When India's dynamism meets Germany's precision,when Germany's engineering meets India's innovation, when Germany's technology combines with India's talent, a brighter future is envisioned for the Indo-Pacific region and the world,” Prime Minister Modi asserted while speaking at the 18th Asia Pacific Conference of German Business.
Highlighting India’s commitment to providing every innovation with a strong platform and the best infrastructure, he said the country’s digital public infrastructure was creating “endless opportunities” for new startups and Industry 4.0. “India is also transforming its physical infrastructure with record investments in rail, roads, airports, and ports. There are extensive opportunities here for companies from Germany and the Indo-Pacific region,” he pointed out.
Prime Minister Modi also invited business leaders to take advantage of the green hydrogen ecosystem that India was developing, pointing out that India and Germany were working together on renewable energy. “Last month, the fourth Global Renewable Energy Investors Meet was organized in Gujarat in collaboration with Germany. An India-Germany platform has also been launched for investing in renewable energy at the global level,” he said.
The Strength of an Aspirational India
India stands on four strong pillars: Democracy, Demography, Demand, and Data. Talent, technology, innovation, and infrastructure are the tools for India's growth.
“Today, an additional great force drives all of these: the strength of Aspirational India. That is, the combined power of AI — Artificial Intelligence and Aspirational India — is with us. Our youth are driving Aspirational India,” he stated.
In the last century, natural resources accelerated development. In this century, human resources and innovations will propel growth, Prime Minister Modi said. “This is why India is committed to democratizing skills and technology for its youth,” he added.
He went on to explain how India was working for the needs of the “future world” through Mission AI, the Semiconductor Mission, the Quantum Mission, Mission Green Hydrogen, Missions related to space technology, and the Digital India Mission. “All of them aim to provide the best and most reliable solutions for the world. These areas offer numerous investment and collaboration opportunities for all of you,” Prime Minister Modi told the audience.
25th Anniversary India-Germany Strategic Partnership
This year marks the 25th anniversary of the India-Germany Strategic Partnership and Prime Minister Modi used the opportunity to highlight what the countries can achieve by working together. The next 25 years will see this partnership reach new heights, he remarked.
Pointing out that India had created a roadmap for the country’s development over the coming 25 years, he expressed happiness that the German Cabinet had released the "Focus on India” document at such a critical time. “The world's two strongest democracies, two of the world's leading economies… together, we can become a force for global good, and the Focus on India document provides a blueprint for this”, he stated.
Germany's decision to increase the number of visas for skilled Indians from 20,000 to 90,000 per year also found mention in Prime Minister Modi's address as he described the trust that Germany has expressed the skilled workforce of India as “noteworthy”. He stated: “I am confident that this will further boost Germany's economic growth”.
Another area Prime Minister Modi highlighted was the India-Germany bilateral trade, which has surpassed 30 billion dollars. “India is becoming a prime center of diversification and de-risking and is emerging as a hub of global trade and manufacturing. Given this scenario, now is the most opportune time for you to make in India, and make for the world,” he remarked.
“This is the right time to join India's growth story. When India's dynamism meets Germany's precision,when Germany's engineering meets India's innovation, when Germany's technology combines with India's talent, a brighter future is envisioned for the Indo-Pacific region and the world,” Prime Minister Modi asserted while speaking at the 18th Asia Pacific Conference of German Business.
Highlighting India’s commitment to providing every innovation with a strong platform and the best infrastructure, he said the country’s digital public infrastructure was creating “endless opportunities” for new startups and Industry 4.0. “India is also transforming its physical infrastructure with record investments in rail, roads, airports, and ports. There are extensive opportunities here for companies from Germany and the Indo-Pacific region,” he pointed out.
Prime Minister Modi also invited business leaders to take advantage of the green hydrogen ecosystem that India was developing, pointing out that India and Germany were working together on renewable energy. “Last month, the fourth Global Renewable Energy Investors Meet was organized in Gujarat in collaboration with Germany. An India-Germany platform has also been launched for investing in renewable energy at the global level,” he said.
The Strength of an Aspirational India
India stands on four strong pillars: Democracy, Demography, Demand, and Data. Talent, technology, innovation, and infrastructure are the tools for India's growth.
“Today, an additional great force drives all of these: the strength of Aspirational India. That is, the combined power of AI — Artificial Intelligence and Aspirational India — is with us. Our youth are driving Aspirational India,” he stated.
In the last century, natural resources accelerated development. In this century, human resources and innovations will propel growth, Prime Minister Modi said. “This is why India is committed to democratizing skills and technology for its youth,” he added.
He went on to explain how India was working for the needs of the “future world” through Mission AI, the Semiconductor Mission, the Quantum Mission, Mission Green Hydrogen, Missions related to space technology, and the Digital India Mission. “All of them aim to provide the best and most reliable solutions for the world. These areas offer numerous investment and collaboration opportunities for all of you,” Prime Minister Modi told the audience.
25th Anniversary India-Germany Strategic Partnership
This year marks the 25th anniversary of the India-Germany Strategic Partnership and Prime Minister Modi used the opportunity to highlight what the countries can achieve by working together. The next 25 years will see this partnership reach new heights, he remarked.
Pointing out that India had created a roadmap for the country’s development over the coming 25 years, he expressed happiness that the German Cabinet had released the "Focus on India” document at such a critical time. “The world's two strongest democracies, two of the world's leading economies… together, we can become a force for global good, and the Focus on India document provides a blueprint for this”, he stated.
Germany's decision to increase the number of visas for skilled Indians from 20,000 to 90,000 per year also found mention in Prime Minister Modi's address as he described the trust that Germany has expressed the skilled workforce of India as “noteworthy”. He stated: “I am confident that this will further boost Germany's economic growth”.
Another area Prime Minister Modi highlighted was the India-Germany bilateral trade, which has surpassed 30 billion dollars. “India is becoming a prime center of diversification and de-risking and is emerging as a hub of global trade and manufacturing. Given this scenario, now is the most opportune time for you to make in India, and make for the world,” he remarked.
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