Tuesday 23 January 2018

Prime Minister Narendra Modi was addressing the plenary session of the annual World Economic Forum (WEF) for foreign investors


Three biggest challenges climate change, terrorism and protectionism practised by many countries flagged Prime Minister Narendra Modi.

Stressing on India's democracy, stability and security, Modi said his government had pushed through economic reforms to make India more conducive to foreign investments.

Asserting that India is proud of its democracy and diversity, Modi said the country has always contributed towards global peace and believes in the values of integration and unity.

 Addressing global leaders and corporate honchos, PM Modi also pitched India as a destination for foreign investments.

Calling climate change a "serious problem", Modi urged the global community "to ask ourselves what can we do together to improve the situation, everyone talks about reducing carbon emissions but few back their words with resources to help developing countries".

ATTACKING TERROR

Speaking against terrorism Modi said: "We all must unite in fight against terrorism. India stands firmly with all such forces. I must also take the opportunity to appeal to all of you to see that such groups do not get money, arms and ammunition. It cannot be a good business to do business with such elements. We all know that without peace, progress and prosperity is not possible."

The Indian Prime Minister was also critical of the types of tariff and non-tariff barriers that countries are putting up. These went against the spirit of globalization and multi-lateral trade.

He was also critical of the distinction being made between "good terrorism" and "bad terrorism".


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