{"id":1177,"date":"2015-11-21T08:52:24","date_gmt":"2015-11-21T08:52:24","guid":{"rendered":"http:\/\/race4job.com\/blog\/?p=1177"},"modified":"2015-12-28T18:48:54","modified_gmt":"2015-12-28T13:18:54","slug":"come-see-winds-of-change-in-india-modi-to-asean-investors","status":"publish","type":"post","link":"https:\/\/www.race4job.com\/blog\/come-see-winds-of-change-in-india-modi-to-asean-investors\/","title":{"rendered":"Come see winds of change in India: Modi to ASEAN investors"},"content":{"rendered":"

\"modi\"<\/a>Prime Minister Narendra Modi sought to hard sell India as an investment destination for ASEAN nations on Saturday, saying his government had launched a second wave of economic reforms that had made the country a \u201cland of immense opportunities\u201d.
\nAddressing the ASEAN Business and Investment Summit hours after his arrival in the Malaysian capital, Modi said the ASEAN economies had contributed to Asia\u2019s resurgence and that it was now India\u2019s turn to do its bit.
\nIndia, he said, had launched the second wave of structural reforms in agriculture, housing and transport to revitalise the flow of investments.
\n\u201cWe are trying to further open up the economy and introduce an element of predictability and stability in taxation system,\u201d he said.
\n\u201cWinds do take time to cross the borders. That is why I am here to invite you\u2026We know that our time has come.\u201d
\nModi\u2019s comments on the economy come a week after his government eased foreign direct investment norms in 15 major sectors, partly in response to a humiliating defeat in elections in Bihar that sparked fears that he may have lost the political initiative to push bold economic reforms.
\nSeveral measures pushed by his government, including a planned law that would make it easier for business houses to acquire farmland for development projects, have been stuck in Parliament due to a pushback by opposition parties.<\/p>\n

To buttress his point that India was open for business, Modi listed several big ticket infrastructure projects that are in the pipeline. He said 50 cities across India are preparing to build metro rail systems while there is a need to build 50 million affordable houses, including 29.5 million homes in rural areas.<\/p>\n

The country also has plans to generate 175 GW of renewable energy and increase the share of manufacturing to 25% of the GDP to create more than a billion new jobs, he said.<\/p>\n

Describing India and ASEAN as natural partners, he reiterated his message that the 21st century belongs to Asia. \u201cReform to me is just a way station on the long journey to the destination. The destination is the transformation of India,\u201d he told the gathering.<\/p>\n

The government intends to achieve all these targets within a \u201cshort span of time\u201d and is also working to make India the \u201ceasiest place to do business\u201d, he said.<\/p>\n

\u201cOur democratic values and an alert judicial system ensure the safety of your investments,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Prime Minister Narendra Modi sought to hard sell India as an investment destination for ASEAN nations on Saturday, saying his government had launched a second wave of economic reforms that had made the country a \u201cland of immense opportunities\u201d. Addressing the ASEAN Business and Investment Summit hours after his arrival in the Malaysian capital, Modi […]<\/p>\n","protected":false},"author":1,"featured_media":1179,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":["post-1177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.race4job.com\/blog\/wp-json\/wp\/v2\/posts\/1177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.race4job.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.race4job.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.race4job.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.race4job.com\/blog\/wp-json\/wp\/v2\/comments?post=1177"}],"version-history":[{"count":1,"href":"https:\/\/www.race4job.com\/blog\/wp-json\/wp\/v2\/posts\/1177\/revisions"}],"predecessor-version":[{"id":1724,"href":"https:\/\/www.race4job.com\/blog\/wp-json\/wp\/v2\/posts\/1177\/revisions\/1724"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.race4job.com\/blog\/wp-json\/wp\/v2\/media\/1179"}],"wp:attachment":[{"href":"https:\/\/www.race4job.com\/blog\/wp-json\/wp\/v2\/media?parent=1177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.race4job.com\/blog\/wp-json\/wp\/v2\/categories?post=1177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.race4job.com\/blog\/wp-json\/wp\/v2\/tags?post=1177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}