Speech by CG at Business Event at Liyang

[24 April 2019 at 1620 hrs]

Namaskar, Zaoshang Hao, Good Morning to all of you!!

ladies and gentleman,

I am extremely happy to be in the city of Liyang, a progressive, forward looking city not only of Jiangsu Province but also of China. India and China are two great civilizations of the world, and share millennia-old relationship. Today, we together, represent more than one-third of the Global population. Also, the two countries are the fastest growing economies of the world and engines of global economic growth.

Due to the concerted efforts made over a period of last 5 years, India has now emerged as one of the most open economies in the world for receiving FDI. Over 4700 projects worth $ 211 billion of investment opportunities are made available and over $ 110 billion of foreign investments are in pipeline.

India has also emerged as the fastest growing major economy in the world and is expected to be one of the top three economic powers of the world over the next 10-15 years, backed by its strong governance and partnerships.

The economic reforms process is reflected in the improvement of India’s performance in almost all economic indicators; some of the important indicators are……………………….

Chinese companies can take advantage of favourable policy regime, relatively lower wages, special investment privileges such as tax exemptions, and robust business environment. In recent years FDI norms in India has been substantially relaxed across the sectors.

India looks for cooperation and investments from China with the spirit of mutual gains. The investment from China is most welcome and will get rule based fair and equitable treatment in India.

Thank you and wish you a very much!!