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Vibrant Gujarat 2019: Implementation of GST reduced transaction costs, says PM Modi

New Delhi, News Nation Bureau | Updated : 18 January 2019, 03:20 PM
Vibrant Gujarat 2019 LIVE: PM Modi meets world leaders at global trade event (Photo Source: Twitter)
Vibrant Gujarat 2019 LIVE: PM Modi meets world leaders at global trade event (Photo Source: Twitter)

Prime Minister Narendra Modi, on Friday said, “India is now ready for business as never before.” Making an address at the inauguration of the 9th edition of the Vibrant Gujarat Summit in Gandhinagar, PM Modi highlighted the policies of his government as he urged investors to be part of India's growth story. The Prime Minister said that the policies initiated by his government have helped the country improve its ranking in the World Bank's Doing Business Report. "India is now ready for business as never before. In the last 4 years, we have jumped 65 places in the Global Ranking of World Bank's Doing Business Report. But we are still not satisfied. I have asked my team to work harder so that India is in the top 50 next year," PM Modi said.

As many as 1.5 million visitors and 3,000 delegates from over 100 countries are expected to be part of the event. However, the Vibrant Gujarat 2019 will have no delegation from Pakistan. The Global Summit was first initiated in 2003 by Narendra Modi who was the then Gujarat chief minister. The Vibrant Gujarat Global Trade Show is being held on around two lakh square metres area of an exhibition ground to showcase products of nearly 25 industrial and business sectors from across the globe.

"At 7.3%, the average GDP growth over the entire term of our Government, has been the highest for any Indian Government since 1991. At the same time, the average rate of inflation at 4.6% is the lowest for any Indian Government since 1991," PM Modi said.

Earlier on Thursday, PM Modi inaugurated a global trade show in Gandhinagar as part of the Vibrant Gujarat Global Summit 2019. The trade event, which is scheduled to end on January 22, will be open for general public on January 21 and 22.

Here are the LIVE updates from Vibrant Gujarat 2019:

  Jan 18, 2019  13:56 (IST)

We have worked hard to promote manufacturing to create jobs for our youth: Narendra Modi.

  Jan 18, 2019  13:54 (IST)

At the same time, the average rate of inflation at 4.6% is the lowest for any Indian Government since 1991, says the prime minister.

  Jan 18, 2019  13:58 (IST)

At 7.3%, the average GDP growth over the entire term of our Government, has been the highest for any Indian Government since 1999: Modi

  Jan 18, 2019  13:53 (IST)

We have also made Doing Business cheaper. The historic  implementation of GST and other measures of simplification of taxes have reduced transaction costs and made processes efficient: Modi at Vibrant Gujarat Global Summit.

  Jan 18, 2019  13:50 (IST)

We've received FDI worth USD 260 billion which is 45% of the FDI received in the last 18 years, says Modi.

  Jan 18, 2019  13:49 (IST)

Investments through our 'Make in India' initiative, have been well supported by programmes like ‘Digital India’ and ‘Skill India’: Narendra Modi.

  Jan 18, 2019  13:48 (IST)

Major financial institutions like the World Bank and IMF have expressed confidence in India's economic journey. We are focused on removing the barriers which were preventing us from achieving our full potential, says Modi.

  Jan 18, 2019  13:49 (IST)

In the last 4 years, we have jumped 65 places in the Global Ranking of World Bank’s Doing Business Report. But we are still not satisfied. I have asked my team to work harder so that India is in the top 50 next year: Narendra Modi at Vibrant Gujarat 2019.

  Jan 18, 2019  13:25 (IST)

Heads of states from counties across the world are discussing the mutual growth opportunities at Vibrant Gujarat Global Summit 2019.

  Jan 18, 2019  17:18 (IST)

PM Narendra Modi inaugurates Vibrant Gujarat Global Summit in presence of States' Heads and Business Leaders.

  Jan 18, 2019  10:56 (IST)

The global summit, Vibrant Gujarat 2019 is enabling a unique communication stage for shaping a New India that is empowered, transformed, bold, innovative and poised to lead the new world order, the offician handle of Vibrant Gujarat wrote on Twitter.

  Jan 18, 2019  10:54 (IST)

Vibrant Gujarat welcomes all to the 9th edition of the Global Summit, comprising 15 partner Countires and 11 Partner Organisations from acoss the globe.

  Jan 18, 2019  10:52 (IST)

Prime Minister Narendra Modi and Uzbekistan President Shavkat Mirziyoyev during their bilateral meeting in Gandhinagar on the sidelines of Vibrant Gujarat GlobalSummit. MoU was also signed between the two nations.

  Jan 18, 2019  10:51 (IST)

Gujarat: Prime Minister Narendra Modi and Chief Minister Vijay Rupani at the inaugural session of Vibrant Gujarat Global Summit in Gandhinagar.

  Jan 18, 2019  10:50 (IST)

Gujarat: Prime Minister Narendra Modi meets Prime Minister of Malta Joseph Muscat in Gandhinagar, on the sidelines of Vibrant Gujarat Global Summit.

First Published: Friday, January 18, 2019 10:47 AM
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