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Modi’s trips and its developmental agenda

Godman

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Modi’s trips and its developmental agenda

Prime Minister Narendra Modi just lately got here again from his official go to to the UAE, turning into the primary Indian PM to go to the area in 34 years. As has been the case a lot of the occasions throughout his worldwide trips, he addressed a packed home of Indian nationals on the Dubai Cricket Club and even spoke a couple of strains in Malayalam.

Ever since he took up workplace in May 2014, PM Modi has been travelling extensively. Through state visits, summits and a state funeral, Modi has travelled to 27 nations, throughout 5 continents. His travels have sparked criticism within the nation with many stating that his visits overseas are far exceeding his time spent tackling points in India, and questioning the bills incurred for the travels. But, he has additionally taken the initiative to foster diplomatic relations, particularly with nations which Indian leaders had not visited for many years.


Here is a take a look at what he has been capable of obtain throughout his worldwide visits this yr.

Seychelles, Mauritius and Sri Lanka (March, 2015): Modi began off the yr with a 3 nation go to to Seychelles, Mauritius and Sri Lanka as a part of his ‘Indian Ocean Outreach’ program. During his go to to Seychelles, the place he met President of the nation, James Alexis Michel, the 2 nations inked 4 agreements on enhancing maritime safety, cooperation in hydrology, renewable power, infrastructural and sale of navigational charts and digital navigational charts.

In Mauritius, Modi was the chief visitor on the Mauritian National Day and he addressed the Mauritius National Assembly. India additionally provided a $ 500 million concessional line of credit score for key infrastructural tasks. Mauritius reciprocated by providing cooperation for info change on taxation. The two nations additionally signed 5 pacts which included a Memorandum of Understanding within the subject of ‘Ocean Economy’ which can present an in depth framework for cooperation for sustainable improvement within the Indian Ocean Region.

Modi’s go to to Sri Lanka was the primary stand alone bilateral go to by any Indian PM to the nation since 1987. There, he inaugurated the reconstructed Northern Province Railway Line and emphasised India’s help for a united Sri Lanka. He additionally introduced that New Delhi will present a recent Line of Credit of as much as $ 318 million for the railways sector in Lanka. He struck a chord with the Tamil minorities when he visited Jaffna and the necessity to transcend the Thirteenth Amendment for the political empowerment of the Tamil minority. In Colombo, nevertheless, solely minor agreements, which had already been within the pipeline, have been signed – 4 MoUs on visa exemption for official passport holders, customs cooperation, youth exchanges and schooling, and the development of a college auditorium

France, Germany and Canada (April 2015): Modi’s three nation journey, which consisted of the 2 main European economies and Canada, targeted on attracting investments and pitching the ‘Make in India’ marketing campaign. In France, India signed a deal to purchase 36 Rafale fighter aircrafts and one other deal on the Jaitapur atomic power plant situated within the Konkan. Work on the nuclear energy plant is more likely to start in two years. India can be additionally concluding the acquisition of Rafale jets in 10 days. On his half, French President Francoise Hollande stated that France would make investments $ 2 billion to develop three sensible cities in India.

Addressing NRIs in Berlin, Modi knowledgeable them that India has an enormous potential to turn into a producing hub and requested them to behave as a bridge between the 2 nations. He additionally pitched to overseas buyers through the Hannover Fair and promised them that he would make required corrections to make India a worldwide manufacturing hub.

Through his go to to Canada, Modi turned the primary Indian Prime Minister to pay the nation a bilateral go to, in forty two years. A 5 yr $ 280 million deal was signed with Cameco, Canada’s largest producer of Uranium to provide the chemical aspect to gasoline Indian nuclear reactors. India additionally signed a MoU with Canada within the space of cyber safety and for technical cooperation within the railways. Another MoU was signed with the ministry of Civil Aviation and Transport to determine a joint working group for cooperation in civil aviation.

South Korea, Mongolia and China (May 2015): While China was an important a part of this journey, the South Korea leg noticed the PM inking seven agreements with the nation, together with avoidance of double taxation, and formalising consultations between the National Security Councils of each nations to spice up bilateral ties. MOUs have been additionally signed within the fields of tradition, transportation, energy and commerce.

Much was anticipated on Modi’s journey to China. Border points and a rising commerce hole have been key considerations through the go to. Though no breakthrough was made on both of those fronts, Modi didn’t draw back from talking concerning the points which have been affecting relations between the 2 nations. India and China additionally signed 21 agreements value $ 22 billion in areas comparable to photo voltaic power, movies, telecom and metal. The two nations have additionally determined to arrange a hotline between the army headquarters of each nations and improve conferences between militaries of each aspect to construct up on the belief. A activity drive has additionally been arrange to take a look at methods of decreasing the commerce deficit.

Mongolia has been historically ignored by most worldwide leaders and Modi turned the primary Indian chief ever to go to the nation. He introduced that India will prolong a $ 1 billion credit score line to the nation. 14 agreements have been additionally signed within the fields similar to policing and surveillance, air providers, renewable power, cyber safety, and so forth.

Bangladesh (June 2015): Modi’s go to to Bangladesh was historic for the decision of the forty one yr previous land border dispute between the 2 nations. The two sides exchanged paperwork relating to the Land Boundary Agreement and territories have been swapped on both sides. This led the best way to signing of pacts in key areas reminiscent of regional connectivity, partnership in energy sector, establishing of a particular financial zone in Bangladesh and decreasing the large commerce deficit which quantities to $ 6 billion. Modi additionally introduced a second line of credit score of $ 2 billion to Bangladesh.

Central Asia and Russia (July 2015): As a part of his go to to the 5 nations in Central Asia and Russia, helped India concentrate on an space which Modi had left until now – that of Eurasia. Modi attended the BRICS and Shanghai Cooperation Organisation (SCO) summits in Ufa in Russia and was on a 3 day go to to the nation. Modi held a gathering with Pakistani PM, Nawaz Sharif on the sidelines of the summit and a lot had been anticipated from the conferences. However, in mild of the current developments,

During his go to to Central Asia go to, Modi travelled to Uzbekistan, Kazakhstan, Turkmenistan, Kyrgyzstan and Tajikistan. This go to was vital in the truth that for the primary time, India confirmed that it was involved in extending cooperation on this area.

UAE: This was the primary go to of an Indian Prime Minister to the UAE after a niche of 34 years – the final PM to go to the nation was Indira Gandhi. In his speech to the Indian fraternity, PM Modi said that leaders within the UAE have promised to take a position $ seventy five billion in India via the institution of the UAE-India Investment Fund which can help the constructing of ports, roads, airports and industrial corridors. The two nations have additionally agreed to strengthen defence ties and improve cooperation in counter-terrorism operations. India and UAE have additionally agreed to spice up commerce by 60 per cent over the subsequent 5 years.In a big transfer the UAE additionally said that they’ll again India within the bid for a everlasting World News Headlines
 
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which would have come if he hadn't overdone the visits too. $19B in one year is average.
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India among top 10 countries to attract highest FDI in 2014: Unctad

India, however, fell one place to 7th in a survey for the most promising investment destinations for the period 2014-16

Asit Ranjan Mishra


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FDI inflows to India are likely to maintain an upward trend in 2015 as economic recovery gains ground. Photo: Dhiraj Singh/BloombergNew Delhi: India regained its position in the list of top 10 destinations for foreign direct investments (FDI) in 2014, after failing to make it to the list a year ago, according to the World Investment Report 2015 released by the United Nations Conference on Trade and Development (Unctad).
India is ranked ninth in the latest report; it was 15th last year.

During 2014, FDI inflows into India jumped 22% to $34 billion at a time when global FDI fell by 16% to $1.23 trillion. Unctad projected global FDI flows to rise 11% to $1.4 trillion in 2015.

India’s rank as a top prospective host country for FDI also rose to third place from fourth place in an Unctad survey for the period 2015-17.
However, India fell to the seventh rank from sixth last year in the survey as a source country for FDI for 2014-2016 period.

FDI inflows to India are likely to maintain an upward trend in 2015 as economic recovery gains ground, the report said. “In terms of the sectoral composition of FDI inflows, manufacturing is likely to gain strength, as policy efforts to revitalize the industrial sector are sustained including, for example, the Make In India initiative launched in mid-2014,” it added.

Premila Nazareth Satyanand, an economist and consultant with Unctad, said this year’s report shows positive trends about India, which is expected to be sustained. “There seems to be slight improvement in foreign investor sentiment about India. India is also now back in the top 10 investor destinations. However, India remains the only BRIC country not to have received more than $50 billion FDI inflows within a year,” she added.
Click here for enlarge

The report identified the automotive industry as one of the sectors in which India has the potential of becoming a world leader. Cumulative FDI inflows to the automotive industry from April 2000 to November 2014 amounted to $11.4 billion, according to data from the Indian government.
The country accounted for the majority of so-called greenfield investment projects announced by global auto makers and first-tier parts suppliers in South Asia during 2013-14, including 12 projects above $100 million.

Inward FDI has led to the emergence of a number of industrial clusters in India, including those in the national capital region (Delhi-Gurgaon-Faridabad) in the north, Maharashtra state (Mumbai-Nasik-Aurangabad) in the west, and Tamil Nadu (Chennai-Hosur) in the south, according to the report. “Though considerable differences exist in the patterns of the formation of these clusters, FDI can play an important catalytic role. For example, the early entry of Suzuki (Japan) has contributed to the development of an industrial cluster in the NCR,” it added.

The report revealed that China became the largest recipient of FDI in 2014, followed by Hong Kong and the US. Developing economies, as a group, attracted $681 billion worth of FDI and remain the leading region by share of global investment inflows.

In 2014, nine of the 20 largest investor countries were developing or transition economies with firms from developing Asia now investing abroad more than any other region. Developing economies accounted for a record 35% of global FDI outflows, the report said, up from 13% in 2007.

http://www.livemint.com/Money/ZxJzJK...I-in-2014.html
 
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So proves my point right? Despite his visits FD has been average.

Let me be fair to him. Unlike others I won't accuse him of wanting to go phoren. WHat this proves is that modi believes that a 'personal connect' will make him sell India better. But what this shows is that personal connect is not enough, you need to see better legislation for investments to move forward,
 
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So proves my point right? Despite his visits FD has been average.

Let me be fair to him. Unlike others I won't accuse him of wanting to go phoren. WHat this proves is that modi believes that a 'personal connect' will make him sell India better. But what this shows is that personal connect is not enough, you need to see better legislation for investments to move forward,

Dude 19 billion dollars in just half a year, compared to 25 Billion dollars annual average!
 
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So proves my point right? Despite his visits FD has been average.

Let me be fair to him. Unlike others I won't accuse him of wanting to go phoren. WHat this proves is that modi believes that a 'personal connect' will make him sell India better. But what this shows is that personal connect is not enough, you need to see better legislation for investments to move forward,
Wait for GST once passed.
It will be game changer, then modi should .move DTC, it is also essential for hassle free business.
Also the investment is just 1 half of the year the other half will attract more than the 1st half according markets.
Which will means India will break the record of annual FDI inflows of 25 dollars by a greater margin
 
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Dude 19 billion dollars in just half a year, compared to 25 Billion dollars annual average!

Gimme the individual nos for each of those six years. Like they say, 'statistics are like bikinis'
 
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So proves my point right? Despite his visits FD has been average.

Let me be fair to him. Unlike others I won't accuse him of wanting to go phoren. WHat this proves is that modi believes that a 'personal connect' will make him sell India better. But what this shows is that personal connect is not enough, you need to see better legislation for investments to move forward,
Dude 19 billion dollars in just half a year, compared to 25 Billion dollars annual average!
Modi's First year in office is like ferrari in First Gear

lets Wait for Top Gears !!!!
 
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