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Tuesday, February 25, 2020

Modi talks of bitter pills for better growth

Would be mistake to consider India as merely a market,tells global investors in US via video-conference

Written by Press Trust Of India | Gandhinagar | Published: October 15, 2013 3:41:30 am

Addressing a meet of world investors and economic experts,Chief Minister and BJP’s prime ministerial nominee Narendra Modi on Monday said that people could be convinced to accept hard decisions that help in the long term. “People are ready for bitter pills,only that they want an assurance that what is happening is for their greater good,” he said,addressing the audience at “Global Emerging Markets Forum” event in Washington DC via video-conference from his residence in Gandhinagar.

Modi said that it would be a mistake to consider India as merely a market. “It is a mistake to consider these emerging counties (like India) only as markets. Are they simply markets? Can we change our terminology? They are emerging growth centres. These nations are blessed with immense potential for human resources and in terms of being cost-effective,” he said.

The mantra of the Gujarat government is “Gujarat’s growth for India’s growth”,he said,noting that things have changed in other states too.

Modi,whose visa was revoked by the US in 2005,in a rare speech in English on “Effective Governance in Democracy: The Gujarat Experience,” said that Indian rulers could not take the people for granted any longer. “In India,we have come at a stage when people are not ready to be fooled.”

On democracy,he said that it has got its own defects,but it is the best system for a country as diverse as India. “Most high-performing countries of the world are democracies,all have passed through feudal and agrarian societies and authoritarian regimes.

“(We) have seen authoritarian systems and democracies. People’s own government in a democracy is the best possible system,though it has limitations but nothing (is) greater. Problem arises when a disconnect occurs… We take government as providers and people as beneficiaries. This prevents people from being active participants. Once we correct this,democracies can deliver the results,” he said.

French delegation likely to meet CM

A French business delegation of 15 companies,headed by France’s Ambassador to India H E Francois Richier,is likely to meet Chief Minister Narendra Modi and his government officials to explore business tie-ups in the development of Dholera Special Investment Region and Metro Link Express for Gandhinagar and Ahmedabad project. “We would definitely want to share our expertise on how to develop ecologically sensitive Dholera and help the state government develop the chunk as a green city…Most of the firms that are part of the delegation operate in the field of urban development sector…,” said Richier,without confirming his meeting with Modi. The French diplomat also visited the Indo-French cultural centre in the city and inaugurated the Heritage Centre in its premises. ENS

Modi,Advani to share dais on Oct 16

Chief Minister Narendra Modi and former deputy prime minister L K Advani will share the dais during the inauguration of gardens on both sides of Sabarmati River Front on October 16,said an Ahmedabad Municipal Corporation release issued by Mayor Minaxi Patel on Monday. ENS

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