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India has most favorable investment climate: PM Modi

Prime Minister Narendra Modi has hailed the trinity reforms in the field of labour, education and agriculture and asserted that India undertook structural reforms amidst the global pandemic to usher in revolutionary changes in the country.
 
Addressing the Invest India Conference in Canada through video conferencing on Thursday, the Prime Minister said the reforms introduced by the government have resulted in substantial improvement in the country’s ranking in terms of ease of doing business.
 
Highlighting the key markers of the huge surge in FDI in the country during 2019, he said the country has decriminalized many provisions in the Companies Act.
Mr. Modi said the country emerged as a Pharmacy center of the world during the pandemic and extended assistance to over 150 countries around the world by ensuring supplies of life saving drugs.  
The Prime Minister said that new India has an opportunity for everyone.
 
Underlining the change in mindset and perception of every one regarding the country, he said, India has all the necessary vitals which make it a lucrative investment destination.
 
Mr. Modi said, the vibrant democracy, stability of government, transparency in business and availability of large market in the country ensures predictable return for all the Investors.

He enumerated how the government has taken care of citizens in the country amid the pandemic by readily making food available to nearly 800 million people.
 
He said, around 400 million people were benefited by direct cash transfers in recent times which established that robust structural changes have been made for complete overhauling of systems.

Underlining India’s resilience, the Prime Minister said the country has emerged as a land of solutions at a time when the whole world has been reeling under the effects of the pandemic.

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