National
Modi flaunts ease of doing business ranking to seek global investment (Roundup)
New Delhi, Nov 3 (IANS) Prime Minister Narendra Modi on Friday invited global investors to India where starting business he said was “easier now”, flaunting the country’s improved World Bank ranking in the ease of doing business.
He said his government had repealed archaic laws and launched attractive fiscal incentives that simplified and reduced compliance requirements, helping India jump 30 places in the World Bank’s Ease of Doing Business ranking to break into the top 100-nation club.
Describing India as “one of the fastest growing economies” in the world, Modi at the inauguration of World Food India 2017 said it was an opportune time for global businesses to invest in the country.
“India has jumped 30 ranks this year in the World Bank’s (Ease of) Doing Business rankings. This is the highest ever improvement for India and the highest jump for any country this year. From a rank of 142 in 2014, we have now reached the top 100.
“India was ranked number one in the world in 2016 in greenfield investment. India is also rapidly progressing on the Global Innovation Index, Global Logistics Index and Global Competitiveness Index.
“Starting a new business in India is now easier than ever before. Procedures for obtaining clearances from various agencies have been simplified. Archaic laws have been repealed and the burden of compliances has been reduced,” Modi told the gathering of global businessmen on the first day of the the three-day conference.
Billed as the biggest congregation of business leaders of major food companies in the world, the conference aims to transform the food economy and realise the government’s vision of doubling famers’ income by establishing India as a preferred investment destination and sourcing-hub for the global food processing industry.
Modi invited investment in India’s food processing sector that allows 100 per cent foreign investment and promised full support in the industry that is on priority of the government’s ambitious “Make In India” programme.
“Come. Invest in India. The place with unlimited opportunity from farm to fork. The place to produce, process and prosper. For India, and for the world,” Modi said.
Modi said India offered single window clearance for investors with attractive fiscal incentives.
“There are opportunities in post-harvest management, like primary processing and storage, preservation infra, cold chain and refrigerated transportation.
“There is also immense potential for food processing and value addition in areas such as organic and fortified foods.”
He said the government had taken a range of “transformational initiatives” to make the country “most preferred investment destination in this sector”.
Modi said the recently launched unique portal – Nivesh Bandhu (Investor’s Friend) – would bring together information on central and state government policies and incentives provided for the food processing sector.
Modi said India with its rich legacy of spices could provide solutions and offer a win-win partnership as the world was becoming increasingly averse to the use of artificial colours, chemicals and preservatives.
Minister of Food Processing Industries Harsimrat Kaur Badal said in her address that agreements worth $10 billion were expected to be signed during the global event.
“Our demand of food is set to double over the next five years. Being the sixth largest food and grocery market in the world, India is a destination that merits global attention in the food sector.”
She said there was a need to wage war on food waste “to ensure adequate food for all” and to avoid a food crisis as the world’s population was set to increase by 25 per cent and the demand for food by 50 per cent by 2050.
–IANS
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Lucknow: Vishal Singh, a renowned social worker from Lucknow, also known as Foodman, has once again made India proud. He was honored by the Happy Hands Gloves Cooperative Limited Company in Korathai, Thailand, for his work with the Hunger Free World Mission.
The Hunger Free World Mission’s meeting was held in Korathai, Thailand, under Vishal Singh’s leadership. Representatives from several countries, including Mr. Raja Dwivedi (Managing Director of Happy Hands Gloves Limited), Thailand Coordinator Mr. Raja Mishra, and member Mr. Varun Singh, attended the event.
Under Vishal Singh’s leadership, the attendees took a pledge to work together toward creating a hunger-free world.
Speaking on the occasion, Vishal Singh explained that the main goal of the Hunger Free World Mission is social participation. He said the mission is not just about feeding people but also about meeting other basic needs of those who are struggling. The mission focuses on helping families of terminally ill patients in hospitals by providing food and shelter. It also works to fulfill essential needs like education, jobs, and care for the elderly.
For the last 16 years, the Vijay Sri Foundation has been providing free services, benefiting thousands of people. Vishal Singh highlighted that the mission aims to gain global recognition like other organizations such as WHO, WWF, and Red Cross, which work for social causes.
During this meeting, Vishal Singh was appointed as the Chairman of the Hunger Free World Mission by representatives from various countries. They also discussed holding regular meetings in different countries to push the mission forward.
Business tycoon Dr. Abhishek Verma has also supported this humanitarian mission, vowing to promote the idea of “Seva Parmo Dharma” (Service is the highest duty) worldwide. Vishal Singh praised him, stating that people like Dr .Abhishek Verma inspire others to work for the betterment of society.
Recently, Romania’s Ambassador, Mr . Daniela Sezonov Ţane, invited Vishal Singh to the Romanian Embassy in Delhi, where they discussed the mission in detail. Impressed by his humanitarian work, she honored Vishal Singh and invited him to Romania to take the mission forward .
Food man Vishal Singh has been serving the people of India for the past 16 years. Through the Vijay Sri Foundation, he provides free meals to cancer patients & their families ,shelter, and education for women & children along with running free old-age homes in Lucknow.
In addition to his humanitarian work, Vishal Singh also addresses issues like crime and corruption through his role as Chairman of Seva Path Media and Managing Director of Vijay Sri Foundation.
During the COVID-19 pandemic, Vishal Singh and his team worked tirelessly to provide food and help to the needy, including starving children, elderly citizens, and pregnant women. Despite contracting the virus himself, he continued to assist others after his recovery. He even created a life-saving oxygen regulator using household items, which was praised by doctors both in India and abroad.
In his address at the meeting, Vishal Singh spoke about his mission to create a hunger-free world. He pointed out that India’s large population, along with issues like unemployment and poverty, has caused the country to fall on the Hunger Index. He urged people to contribute just one handful of grains daily to help create a hunger-free world.
He concluded by saying that through social participation, we can empower the people around us, meet their basic needs, and work together to build a stronger, more prosperous, and developed society.
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