Home News India has exciting opportunities for investment in urbanization: PM

India has exciting opportunities for investment in urbanization: PM

Speaking at the 3rd Annual Bloomberg New Economy Forum today via video conferencing, the Prime Minister Shri Narendra Modi invited the investors to invest in the Indian urbanization. The PM said that India has exciting investment opportunities in urbanisation, mobility, innovation and sustainable solutions. A vibrant democracy, a business friendly climate and a huge market are the added attractions, he said.

The PM said that post COVID-19 world will need a restart, however the restart will not be possible without a reset. A reset of mindset. A reset of processes and a reset of practices. The pandemic has given us an opportunity to develop new protocols in every field. “This opportunity should be  grabbed by the world if we want to develop resilient systems for the future. We should think about post COVID requirements of the world.  A good starting point would be the rejuvenation of our urban centers”, the Prime Minister added.

Dwelling on the theme of rejuvenation of the urban centres the Prime Minister emphasized the centrality of the people in the recovery process. Terming people as the biggest resources and the communities as the biggest building block, the Prime Minister said “the pandemic has re-emphasised that our biggest resource, as societies and as businesses, is our people. The post-Covid world has to be built by nurturing this key and fundamental resource.”

The Prime Minister stressed the need to carry forward the learnings of the pandemic period. Talking about the cleaner environment during the lockdown period he wondered whether we can build sustainable cities where a cleaner environment is the norm and not an exception?  “It has been our endeavour in India to build urban centres, which have the amenities of a city but the spirit of a village,” Shri Modi said.

He informed the forum about the recent initiatives for revitalizing the Indian urban landscape such as Digital India, Startup India, affordable housing, Real Estate (Regulation) Act and Metro Rail in  27 cities. “We are on track to deliver close to 1000 kms of Metro Rail system in the country by 2022,”  the Prime Minister informed the forum.

The Prime Minister said “we have selected 100 Smart Cities through a two-stage process. It was a nationwide competition upholding  the philosophy of cooperative and competitive federalism. These cities have prepared projects worth almost two lakh crore rupees or 30 billion dollars. And projects worth almost one lakh forty thousand crore rupees or 20 billion dollars have been completed or nearing completion.”

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