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PM Modi at India-US summit on self reliant India and effects of the pandemic

The third annual US-India Strategic Partnership Forum (USISPF) Leadership Summit was held this week on September 3rd. Prime Minister Narendra Modi, in special remarks at the summit, emphasised that the USISPF brings India closer to the United States and the work done by the organisation till date is highly commendable. The PM of India delivered his special keynote address at the US-India summit 2020 via video conferencing. “Looking forward to address the @USISPForum #USIndiasummit2020. Will be sharing my views on ‘Navigating New Challenges” tweeted the leader earlier that day.

The non-profit organisation that works for the partnership between India and the United States, conducted the five day long summit on the theme ‘US-India Navigating New Challenges’. The theme covered various subjects such as India’s potential in becoming a global manufacturing hub, opportunities in India’s gas market, ease of doing business to attract FDI in India, common opportunities and challenges in tech space, India-Pacific economic issues, innovation in public health and others.

PM Modi said, “The pandemic has had an impact on several things but it has not had an impact on the aspirations and ambitions of 1.3 billion Indians. In recent months, far-reaching reforms have taken place. These make business easier and reduce red tapism”. He also said that the current pandemic demands a fresh mindset-“a mindset where the approach to development is human centric”.

“India, a country with 1.3 billion people and limited resources, has one of the lowest death rates per million in the world. The recovery rate is also increasing steadily. We are the second largest manufacturer of PPE kits in the world” he declared proudly. And added,”We have fought floods, two cyclones, locust attacks outside of COVID-19. It made people stronger. Thanks to COVID-19 and the lockdown, the Center knew one thing: the poor must be protected”.

Sharing his vision for the path ahead, PM Modi said that the future should be one where there is a spirit of cooperation between everyone. “While looking at the way ahead, we should keep our focus on ramping up our capacities, securing the poor, future proofing our citizens. This is the path India is taking.”

He stated the great achievement of India in the ranking of FDI, “FDI into India rose by 20 percent in 2019. This when global FDI inflows fell by 1 percent. This shows the success of our FDI regime. All of the above steps will ensure a brighter and more prosperous tomorrow. They will also contribute to a stronger global economy.”

Talking about the idea of Atmanirbhar Bharat, he said, “1.3 billion Indians have embarked on one mission – to make an ‘Aatmanirbhar Bharat’ or self-reliant India. ‘Aatmanirbhar Bharat’ merges the local with the global. It ensures that India’s strengths act as a global force multiplier. Time and again, India has shown that our goal is global good. Despite our large local needs, we did not shy away from our global responsibility. ‘Aatmanirbhar Bharat’ is about transforming India from being just a passive market to an active manufacturing hub at the heart of global value chains.”

He ended his speech by welcoming everyone and asking for their contribution in the journey towards self reliance that is full of opportunities.