Contrary
to apprehensions that PM Narendra Modi would have lost sheen after defeat of his party BJP in politically
Bihar elections, he looked on top of the situation in UK. His important UK quotes
from investors’ perspective are:
On Fast tracking FDI
proposals: India has decided to set up a Fast Track
Mechanism for clearing investment proposals from UK since it is among the top
FDI source nations.
On Fund raising : India will make good
use of London as a financial centre for raising funds for meeting its
infrastructure requirements. India will raise Railway Rupee Bonds in London for
funding Indian Railways.
On commitment to open up : We will open new doors in the services sector. We will collaborate more – here and in India - in defence equipment and technology. We will work together on renewable and nuclear energy.
For India, a target of 175 GW of additional capacity in renewable energy by 2022 and reduction in emission intensity of 33-35 % by 2030 are just two of the steps of a comprehensive strategy.
Pic: PIB
