PM Modi inaugurates Uttarakhand Investors Summit 2018; says New India a bright investment destination

PM Modi said on the occasion: "Doing business has become easier due to insolvency and bankruptcy code. The banking system has also got strengthened.”

Image: Twitter (@BJPLive)

New Delhi: Prime Minister Narendra Modi inaugurated the Uttarakhand Investors Summit on Sunday and hailed the state as a bright destination for investment in India. While addressing the gathering of investors, Prime Minister gave detailed information about different Central and State government schemes. He said that Ayushman Bharat is the biggest health scheme across the world and with its start, new possibilities of investment in the field of medicine can be tapped. Before the summit started Uttarakhand CM Trivendra Singh Rawat informed that investment proposal of about Rs 75,000 crore have already been received so far which is much more than the objective set by the government. The Prime Minister said on the occasion “We have improved the tax system in the country. We are trying to make the tax system more swift & transparent. Doing business has become easier due to Insolvency and Bankruptcy Code. The banking system has also got strengthened.” He added that Potential, policy and performance, these are the sources of progress. In the last two years, central and state governments have taken more than 10,000 steps due to which India has witnessed an improvement of 42 points in the ease of doing business, the Prime Minister said. Last year almost 10,000 km of National Highways was constructed, which means at a speed of almost 27 km of stretch per day, which is twice as compared to previous governments.  Top brands of the world are the part of Make in India today. India is also progressing by leaps and bounds in the automobile sector, he said. He also hailed GST as the biggest tax reform since independence. He said 'New India' is the finest destination for investment and Uttarakhand is a bright part of this spirit. Talking about investment in Uttarakhand the Prime Minister said that online arrangements have been made so that investors in Uttarakhand do not have to go from office to office for clearance for their projects.