Addressing the 14th India-France CEO Forum in Paris, Prime Minister Narendra Modi emphasised India’s growing stature as a global investment hub, bolstered by stable, predictable policies.
PM Modi also reiterated India’s status as the world’s fifth-largest economy and the country’s plans to become the third-largest, underscoring opportunities in sectors like aviation, defence manufacturing, and energy, including the Hydrogen and Nuclear missions.
Additionally, he praised the India-France strategic partnership, welcoming the CEO Forum’s role in fostering innovation and collaboration. Additionally, he addressed the importance of democratic AI technologies and global governance in his speech at the AI Summit.
Watch here: https://twitter.com/narendramodi/status/1889509740272840984
“This is the right time to come to India. Everyone’s progress is linked to India’s progress. An example of this was seen in the aviation sector, when Indian companies placed large orders for airplanes. And, now, when we are going to open 120 new airports, you can imagine the future possibilities for yourselves,” PM Modi said in his address.
“You are well aware of the changes that have taken place in India in the last decade. We have established an ecosystem of stable and predictable policy. Following the path of reform, perform and transform, today India is the fifth-largest economy in the world. The world’s fastest-growing major economy is soon going to become the third-largest economy in the world.”
Further, he said that India was rapidly becoming a preferred global investment destination as was evident with the launch of Semiconductor and Quantum Mission and the ‘Make in India’ and ‘Make for the World’ initiatives in defence.
He also welcomed the CEO Forum report, upholding his vision of “innovate, collaborate and elevate” that was strengthening the India-France partnership.
India’s PM said, “I welcome the report of the CEO Forum. I can see that all of you are working with the mantra of innovate, collaborate and elevate. All of you are not just making boardroom connections, but also strengthening the India-France strategic partnership. This is my sixth meeting with him (French President Emmanuel Macron) in the last two years. This morning, we co-chaired the AI Action Summit”.
During the forum, PM Modi discussed India’s Hydrogen mission and mentioned that the country had set a target of 100 GW of nuclear energy by 2047. He added that the civil nuclear domain would be opened to the private sector.
French President Emmanuel Macron will receive him ahead of the 14th India-France CEO Forum in Paris today.
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