• Associate Sponsor

Global Investors’ Summit: Northeast at heart of Act East, says PM Modi

Ahead of elections, PM Modi says India’s growth story depends on north east progress

Written by Samudra Gupta Kashyap | Guwahati | Updated: February 4, 2018 7:25 am
Northeast at heart of Act East, says PM Modi in Global Investors’ Summit Prime Minister Narendra Modi with Chief Minister Sarbananda Sonowal at the Assam Global Investors’ Summit in Guwahati on Saturday (Source: Twitter/PMOIndia)

Days after the Union Budget announced an allocation of Rs 1,014.09 crore towards the revival of air connectivity and aviation infrastructure in the region and with days to go before three states in the region go to the polls, Prime Minister Narendra Modi on Saturday said India’s growth story would further pick up speed only if there was all-round development of the Northeast.

“From Imphal to Guwahati, Kolkata to Patna, eastern India should emerge as the new energy centre of the country. This is our vision, our approach,” Modi said, inaugurating the two-day ‘Global Investors’ Summit’ in Guwahati.

Stressing on the importance of the Northeast in the Centre’s ‘Act East Policy’, he said, “We have created the Act East Policy and the Northeast is at the heart of it… The Act East Policy requires increased people-to-people contact, trade ties and relations with countries to the east of India, particularly ASEAN countries.”

The PM said that the tag-line of the investors’ summit — ‘Advantage Assam: India’s Expressway to ASEAN’ – was not just a statement but a holistic vision that coincides with India celebrating 25 years of partnership with ASEAN. “It was only recently that we had the ASEAN-India Summit celebrating 25 years of our partnership,” Modi said.

The Prime Minister pointed out that Assam ranked first among Northeastern states in the World Bank’s latest ‘Ease of Doing Business’ report and that with further improvement, the state would soon emerge as one of the most sought after states for industrial investment.

“With the Assam government’s new IT policy, new tourism policy and new sports policy, Guwahati must be developed as India’s business hub for ASEAN,” Modi said.

The prime minister said India is today the most preferred investment destination in the world, with Foreign Direct Investment (FDI) inflows at a record $ 60 billion in the last fiscal. Highlighting the country’s “improved credit rating and low inflation rate”, he said, “The world sees India today as an emerging power house for economic growth,” he said.

Among those who attended the inaugural function were Bhutan Prime Minister Dasho Tshering Tobgay, Tata Sons chief N Chandrasekaran, Reliance Industries CMD Mukesh Ambani, SpiceJet chairman Ajay Singh, McLeod Russel CMD Aditya Khaitan, and a host of Union ministers, including Suresh Prabhu, Dharmendra Pradhan, Jitendra Singh, KJ Alphons, Kiren Rijiju and Rajen Gohain. Manipur Chief Minister N Biren Singh and Arunachal Pradesh Chief Minister Pema Khandu were also present.

Talking about the recent announcements in the Budget, he said 45-50 crore people would benefit from the Ayushman Bharat health insurance scheme. He also said the government’s current focus is on infrastructure investment and next year it would invest about Rs 6 lakh crore in this sector.

“This year we aim to complete more than 9,000 km of national highways. We will develop 35,000 km of roads with an investment of Rs 5.35 lakh crore under the ‘Bharatmala’ project,” he said, adding the Railways would make an investment of Rs 1.48 lakh crore in 2018-19.

The Prime Minister said development of the Micro, Small and Medium Entreprises sector is a priority for the government. “In this year’s Budget, we gave a big relief to MSMEs by reducing the rate of income tax to 25 per cent on companies reporting a turnover of up to Rs 250 crore,” he said.

(With PTI inputs)

For all the latest India News, download Indian Express App

  1. Redi ever
    Feb 4, 2018 at 11:13 am
    Fatigue has set in. Getting harder than ever to believe in these Jumlas. Jobs, Jobs and Jobs that is all.
    (1)(0)
    Reply
    1. C
      Christian Terrorism Buster
      Feb 4, 2018 at 9:14 am
      Child Rapist Christian Church Priest Father Kabat Paul. Accused Oblates of Mary Immaculate Church. Worked in Dioceses of Duluth Christian Church, Crookston Belleville IL and St. Paul-Minneapolis archdiocese. Name released by order in 7/15 as part of 2/15 settlement. Name added 11/3/17 by St. Paul-MInneapolis archdiocese to list of 19 "priests and religious brothers who have served or spent time in the archdiocese and have substantiated claims of sesxual abuse of a minor against them." Left the Oblates in 1989.
      (0)(4)
      Reply
      1. C
        Christian Terrorism Buster
        Feb 4, 2018 at 9:13 am
        Rapist Child Molester Christian Church Padre Jablonowski Anthony. Pleaded guilty to 2004 charges of abuse of 17-yr-old boy in 1982. Sentenced to 15 months to 7 yrs in prison. Privileges removed. Another accuser filed civil suit 3/05. Released from prison 7/05. Required to register as sesx offender christian priest with the local county. Worked in several dioceses and is on Tucson list of abusive priests (refers to him as Steubenville diocese priest). Registered christian priest church rapist offender in FL as of 2010. Had been living in OH.
        (0)(3)
        Reply
        1. C
          Christian Terrorism Buster
          Feb 4, 2018 at 9:13 am
          Church Christian Rapist Priest Father Iannarella James. Accused of abuse of 17 yr old girl for 3 months in 1999. Archdiocese sent him for evaluation and placed him on administrataive leave until 2003. At that time, the archdiocese placed him on inactive status. He worked at Drexel Univ. from 2001-2005 until name appeared on G Jury Report. Another Christian Rapist Priest gets away and no one can do anything as the Christian Church is too powerful mafia and mobster Pope should be going to jail but instead he sits in Vatican and rapes more people.
          (0)(3)
          Reply
          1. C
            Christian Terrorism Buster
            Feb 4, 2018 at 9:13 am
            Father Christian Church Padre Haas Joseph. Haas placed on leave Feb. 2004 after t he molested a young girl in 1977. Haas originally told parish that he was taking leave on doctor's orders but Archbishop sent letter clarifying the situation. Christian DA ruled that 1977 incident was too old to prosecute. Previous allegation of less serious inappropriate behavior was received in 2000 but nothing done. Officially retired Sept. 2004 even though Review Board concluded accusations not substantiated. Pope knew about him but didnt do anything. Monster Christian Priest gets away as Christian Church is too powerful and control the government, media, and the world.
            (0)(3)
            Reply
            1. Load More Comments