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India to be $10 trillion economy by 2035: Suresh Prabhu
New Delhi, Nov 14 (IANS) Union Minister for Commerce and Industry Suresh Prabhu on Wednesday said Indian economy will quadruple to $10 trillion by 2035 riding on business-friendly policies, structural reforms and transparency in governance.
“India is growing at a fast rate and will be a $5 trillion economy in another 7-8 years. By 2035, it will be a $10 trillion economy and we are preparing for that in an aggressive way,” he said in a recorded message at the inauguration of India International Trade Fair (IITF).
Prabhu said that no country can grow unless companies grow and their growth is dependent on interactions with rest of the world and the business-friendly policies of the government that saw India climb from 142 to 77 rank on Ease of Doing Business in last four years.
“India is constantly improving and we want to take it beyond 50 and later even higher. India’s ranking globally is increasing due to domestic policies. We are making structural reforms, we are bringing in transparency. We deal with complete transparency in public procurement.”
The Minister said IITF is India’s flagship event where participants from across the globe take part. The 38th IITF, being organised in less than one-fourth of the area at Pragati Maidan due to ongoing renovation and construction, has 17 countries participating in it.
“I am sure this will showcase India’s capabilities… This is an event where businesses meet, policy makers meet to exchange ideas, to shape together a good future for humanity and to make world a better place by increasing your toplines and bottomlines and that can only happen when governments allow businesses to grow,” he said.
The partner country for the 14-day trade fair is Afghanistan, focus country is Nepal and focus state is Jharkhand. The theme of the international fair, with about 800 participants, is “rural enterprises” and was inaugurated by Minister of State for Commerce and Industry C.R. Chaudhary along with Union Culture Minister Mahesh Sharma.
While Sharma said the country is fortunate to have an enterprising Prime Minister, Chaudhary said foreign investment worth more than $60 billion comes to India each year under the Make in India scheme launched by the PM and that India is set to become a manufacturing hub.
Jharkhand’s Khadi Gram Udyog Board Chairman Sanjay Seth said the tribal state, which will turn 18 years old on November 15, has been growing at over 10 per cent under the current leadership of Raghubar Das with major progress in basic infrastructure like roads.
India Trade Promotion Organisation officials said while the current fair is orgainsed in only 22 per cent of the total space due to construction activities, the next IITF will be the biggest ever as a world class international exhibition cum convention centre will be ready by then.
–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.