PM Narendra Modi offers opportunity to invest in India`s urbanization at Annual Bloomberg New Economy Forum


New Delhi: Prime Minister Narendra Modi on Tuesday (November 17, 2020) offered an opportunity to the investors to invest in the Indian urbanization while speaking at the 3rd Annual Bloomberg New Economy Forum.

PM Modi during a video conferencing address said, “If you are looking to invest in urbanisation, India has exciting opportunities for you. If you are looking to invest in mobility, India has exciting opportunities for you. If you are looking to invest in innovation, India has exciting opportunities for you. If you are looking to invest in sustainable solutions, India has exciting opportunities for you.” 

He said, “These opportunities come along-with a vibrant democracy, a business-friendly climate, a huge market and a government which shall leave no stone unturned to make India a preferred global investment destination.”

The Prime Minister said that post-COVID-19 world will need a restart, however, the restart will not be possible without a reset. 

Addressing 3rd Annual Bloomberg New Economy Forum.

— Narendra Modi (@narendramodi) November 17, 2020

“A reset of mindset. A reset of processes and a reset of practices. The pandemic has given us an opportunity to develop new protocols in every field. This opportunity should be grabbed by the world if we want to develop resilient systems for the future. We should think about post-COVID requirements of the world. A good starting point would be the rejuvenation of our urban centers,” PM Modi added.

Dwelling on the theme of rejuvenation of the urban centres, PM Modi emphasized the centrality of the people in the recovery process. 

Terming people as the biggest resources and the communities as the biggest building block, he said, “The pandemic has re-emphasised that our biggest resource, as societies and as businesses, is our people. The post-COVID world has to be built by nurturing this key and fundamental resource.”

The Prime Minister stressed the need to carry forward the learnings of the pandemic period. 

Talking about the cleaner environment during the lockdown period, he wondered whether we can build sustainable cities where a cleaner environment is the norm and not an exception?  

“It has been our endeavour in India to build urban centres, which have the amenities of a city but the spirit of a village,” PM said.

He informed the forum about the recent initiatives for revitalizing the Indian urban landscape such as Digital India, Startup India, affordable housing, Real Estate (Regulation) Act and Metro Rail in 27 cities. 

“We are on track to deliver close to 1000 kms of Metro Rail system in the country by 2022,” the Prime Minister informed the forum.

He also said, “We have selected 100 Smart Cities through a two-stage process. It was a nationwide competition upholding the philosophy of cooperative and competitive federalism. These cities have prepared projects worth almost two lakh crore rupees or 30 billion dollars and projects worth almost one lakh forty thousand crore rupees or 20 billion dollars have been completed or nearing completion.”

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