Every state and district in the country has its own potential to contribute in making India a five trillion dollar economy by 2025, Prime Minister Narendra Modi Thursday said, adding that India is now among the top ten performers in Ease of Doing Business and has improved its rank by 79 points between 2014 and 2019.
“Every state and every district of the country has a great potential and they will play a vital role in achieving the target,” Modi said here.
“The Industry likes transparency and a clean system. Unwanted rules and undue interference by the government somehow create hindrance in the pace of industrial growth,” he further said pitching for competition among the states on ease of doing business .
He was addressing the inaugural session of two-day Rising Himachal Global Investors’ Meet. Delegates from 12 countries, including the United Arab Emirated, which is is the partner country of Himachal Pradesh for the event, are attending the meet.
Modi termed Himachal Pradesh as a land full of opportunities and an ideal state for investment in various sectors.
Earlier in his address, UAE Ambassador to India Ahmed Albanna said his country can play a role in India achieving the target of five trillion dollar economy.
Terming the bilateral relations between India and UAE at “highest level due to leadership of both the countries and due to close relationship of the people”, Albanna underlined that “UAE was the third largest trade partner of India, next to United States and China.”
Albanna attributed the growth of bilateral and strategic relationship between India and UAE to the “visionary leadership”. He referred to visits of Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE armed forces Sheikh Mohammed bin Zayed Al Nahyan to India.
Pointing out that 25 per cent of the total GDP share of UAE was from tourism and hospitality sectors, Albanna said, “Looking at the characteristics of Himachal Pradesh, I see a lot of common ground. Tourism, hospitality and pharmaceuticals are good business.”
Modi in his address said the Investors’ Meet has sent out a message that “yes, Himachal has arrived.”
Emphasizing on tourism sector, Modi said Himachal was set to benefit from the country’s improved ranking in the sector over the years – “from 65 in 2013 to 34 now” – in World Economic Forum Travel and Tourism Index.
Modi said the foreign tourists’ footfall in India increased from 70-72 lakh five years ago to one crore annually in the last five years and income from foreign tourists increased from Rs 1.20 lakh crore earlier to Rs 2 lakh crore last year. “How this transformation came? We understood the potential of tourism sector…gave evisa facility to dozens of new countries…performance changed and ranking changed…today tourism is being promoted as a package in India,” Modi said, referring to various offshoots like eco tourism, medical tourism and spot tourism.
“Himachal is full of these possibilities. I think the possibilities of conference tourism are also increasing in Himachal,” Modi said adding the hill state also had huge potential in sectors like technology, pharmaceuticals, food processing and organic farming.
Referring to Sikkim, whose Chief Minister Prem Singh Tamang also attended the meet, Modi said, “Himachal can also make use of organic farming to the extent Sikkim has made use of that.”
Modi said a new dimension was being given to road, rail and air connectivity in the state. He referred to rail projects which had been in limbo for long and said the government was focusing on all forms of connectivity in the hill state. He said work on strategic Rohtang tunnel in Pir Panjal range of mountains was nearly complete and with the opening of the tunnel Lahaul Spiti and Ladakh will benefit a lot.
He ended his speech by asking the investors to “try their luck” in the hill state which he said fulfilled all the conditions for an industry-friendly state, as it was peaceful, had hardworking people, was among the states with a high literacy rates and had geographical and multilingual diversity.