November 2, 2022 2:00 PM

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PM addresses Global Investors Meet 'Invest Karnataka 2022' virtually; says Govt freed investors from red tape & rolled out red carpet of opportunities

Prime Minister Narendra Modi has said that post-pandemic; the world is looking at India which offers investors a doorway to growth.<br />''<br />'' Speaking virtually at the Invest Karnataka-Global Investors Meet inaugural event in Bengaluru today, the Prime Minister said that investing in India means investing in democracy, and inclusiveness, for a better, cleaner, and safer planet.<br />''<br />''Mr. Modi said, the prime focus of the government is to eliminate the Policy Level crisis with a rational approach. He said, Government has freed the investors from red tapism and given them a red carpet of opportunities. He added that Central Government has taken important decisions to rationalise laws, streamline rules and regulations.<br />''<br />''The Prime Minister said, despite a fragmented world, India is shining as a bright spot world over due to a strong democratic framework. He said, not only reforms, but the progress of New India in the infrastructure sector is unmatchable.<br />''<br />''Referring to the successful implementation of the National Logistics Policy and Gati Shakti yojana, Prime Minister emphasised that India is today ready to manufacture for the world.<br />''<br />''Mr. Modi said, instead of limiting the potential of the youth, the Government is giving them an ecosystem to further explore new opportunities.<br />''<br />''The Prime Minister said, Government has encouraged investments in sectors that were earlier closed to private investments such as defence, drones, space, and geo-spatial mapping. He said, last year India got a record FDI of approximately 84 Billion dollars and this has been possible through the various reforms aimed at enhancing the Ease Of Doing Business.<br />''<br />''Mr. Modi said, India is the destination where culture and technology both work together, from a victorious past to a vibrant present. He said, through competitive and cooperative federalism all Indian States have developed robust investment policies and manufacturing infrastructure.<br />''<br />''The Prime Minister said that the double-engine Government in Delhi and Karnataka will speed up the growth of Brand Bengaluru. He praised Karnataka for being on top in the ease of doing business and in attracting FDI.<br />''<br />''He informed that out of 100 Unicorns, 40 among them are in Karnataka and 400 of Fortune 500 companies are in the state. He expressed hope that during the Global Investors Meet, Karnataka will receive lakhs of crores of investment.  <br />''<br />''Karnataka Governor Thwarchand Gehlot, Chief Minister Basavaraj Bommai, Union Finance Minister Nirmala Sitharaman, Union Minister for Commerce and Industry Piyush Goyal, Parliamentary Affairs Minister Prahlad Joshi, Minister of State for Skill Development and Entrepreneurship  Rajeev Chandrasekhar, Karnataka Large and Medium Industries Minister Dr. Murugesh R Nirani were among those present during the inaugural event.<br />''<br />''The Meet is aimed at attracting prospective investors and setting up development agenda for the next decade. The three-day programme is being held in Bengaluru and would witness more than 80 speaker sessions. <br />

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