New York: Union minister Jitendra Singh, who was on a 5-day visit to the US on Saturday interacted with the Indian diaspora in New York and encouraged them to invest in India, as this is “the best time” to do so.
A community reception was hosted for the minister in New York, where he pointed out that the pro-business reforms unleashed by Prime Minister Narendra Modi in the last eight years like reduction in compliance requirements, removal of retrospective taxation, simplification of the corporate tax rate structure, Insolvency and Bankruptcy Code (IBC) have improved India’s “rank in ease of doing business from 142 in 2014 to 63 in 2022, as per World Bank report.
Jitendra Singh was speaking after returning from the Joint Ministerial Plenary of Clean Energy Ministerial (CEM13) and Mission Innovation (MI-7) at the “Global Clean Energy Action Forum- 2022” in Pittsburgh, Pennsylvania.
He led a high-level Joint Indian Ministerial Delegation of the Ministry of Power, New & Renewable Energy and Ministry of Science & Technology at the Energy Summit from September 21-23 and presented India’s view on clean energy initiatives and climate actions at various Roundtables and Joint Ministerial Plenary.
Jitendra Singh also invited the NRIs (Non-resident Indians) and PIOs (Persons of Indian origins) to come and explore the great start-up boom in India, the success of which has become a global talking point.
He said that with over 77,000 start-ups and 105 unicorns, Indian innovators, incubators, and entrepreneurs are making a mark for themselves and this may inspire and encourage you to look at opportunities in India. There is tremendous focus in the country on sunrise sectors such as 5G, artificial intelligence, drones, semiconductors, blockchain, green energy and space economy, the minister added.
Referring to the National Education Policy 2020, Jitendra Singh said that it opens myriad avenues to enhance our university-to-university links, joint academic programs, credit portability and research partnership. He said, India is now open to foreign universities setting campuses in the country and we are hopeful that US Universities will take advantage of these opportunities.