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India is a bright spot in global economy: Vice President
Mumbai, Jan 12 (IANS) Vice President M. Venkaiah Naidu on Saturday said a steady growth rate of almost 7 per cent coupled with a series of reforms made India the most favourite destination for investments in the world.
He said India would continue to be the fastest growing major economy. Quoting the World Bank’s latest forecast, he said the GDP is expected to grow at 7.3 per cent this fiscal and at 7.5 per cent in the following two years.
“It is the right time for foreign investors to tap the huge potential offered by India in various sectors from real estate to healthcare,” Naidu said addressing the inaugural session of CII’s Partnership Summit on the theme ‘New India: Rising to Global Occasions’.
Describing India as a bright spot in the world economy, he said the government’s initiatives and reforms helped India achieve 11th rank in the Global FDI confidence index 2018, Vice President’s Secretariat said in a statement.
“The annual FDI inflows would rise to $75 billion over the next five year and India with its growth momentum would soon become a $5 trillion economy,” he said referring to a report by Swiss bank UBS.
Naidu said the robustness of India’s institutions, resilience of its policy frameworks, reforms initiated by the government and responsiveness of industry bodies such as CII have insulated its economy from stagnation and helped in achieving the dual distinction of being a stable democracy and one of the fastest growing economies in the world.
Appreciating the healthy competition among states to attract investors, Naidu said the public-private partnership model was the way forward for effective implementation of infrastructure projects like construction of airports in Hyderabad, Delhi, Bengaluru and Mumbai.
He observed that the increasing internet penetration in rural India provides a great opportunity to improve rural India. Connecting all gram panchayats with optical fibre network under the BharatNet project by March 2019 would transform rural India, he said.
Advising the industry to promote innovation and research and development, he urged industry bodies like CII to promote business ethics, values, transparency and accountability.
Naidu called upon the business community to share more of their wealth through Corporate Social Responsibility initiatives to address challenges like poverty, illiteracy, double burden of infectious diseases and non-communicable diseases and unemployment.
Calling terrorism a global concern that demands global attention and cooperation, he said the United Nations should conclude the Comprehensive Convention on International Terrorism at the earliest.
“Terror is enemy of humanity, we must see to it that is eliminated the earliest… the world community also should ensure that economic fugitives get extradited without delays,” he said.
–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.
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