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India to become 5-trillion-dollar economy in seven years: Prabhu
Mumbai, Sep 6 (IANS) With phenomenal changes in social and economic sector reforms, India will become a five-trillion-dollar economy in seven years from the present 2.6 trillion dollars, Union Minister for Commerce and Industry and Civil Aviation Suresh Prabhu said here on Thursday.
He said that the GDP growth of 8.3 per cent in the last quarter will be consolidated and continue going forward and India would certainly become a 10-trillion-dollar economy by 2035.
Speaking on ‘India Ideas Summit’ at the US-India Business Council (USIBC), Prabhu said that for this, the government has prepared a multi-sectoral strategy besides the reforms and improving the ease of doing business.
“A new industrial policy is on the anvil with dual focus on modernizing existing businesses and getting new and futuristic businesses into the economy, for which 12 champion service sectors have been identified for systematic promotion,” the Minister said.
Expressing hope that the Make In India initiative will become an even bigger success in the future, Prabhu said: “Start-ups are the best laboratory for change and innovation. We already have around 20,000 start-ups registered with DIPP and are promoting in a major way across the country.”
On the agriculture and horticulture growth, Prabhu said the government aims to double the income of farmers by 2022, while the country notched the highest export growth in the past six years in fiscal 2017-2018.
Over the next 10 years, Prabhu said that transactions worth more than 100 billion dollars are targeted on GeM, the National Procurement Portal, which was launched yesterday to educate and bring on-board more buyers-sellers besides promoting cashless and digital transactions.
He said a ‘holistic strategy’ is being developed to tap into the potential of the Indian logistics sector to forge better linkages between the manufacturing sector and the global supply chains.
“We are also seeing a huge growth in the aviation sector, India is the fastest-growing aviation market in the world,” Prabhu said, outlining a plan to boost and promote the aviation sector.
Prabhu gave away awards to the winners of Women’s Start-up Awards in the presence of USIBC President Nisha Biswal, USIBC Board Member Carlos Gutierre and various industry representatives.
–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma
World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.
Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.
During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.
On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”
Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.
It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.
Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.
Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”
On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”
The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.