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World News | Union Minister Jitendra Singh Interacts with Indian Diaspora in US

New York [US]September 25 (ANI): Union Minister Jitendra Singh, who is on a 5-day visit to the US on Saturday, interacted with the Indian diaspora in New York and encouraged them to invest in India, as this is the “best time”. Do so.

Jitendra Singh told the Indian diaspora in New York that now is the “best time” to invest in the country, as India is fast becoming an investment destination for the world, an official statement said.

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A community reception was organized for the minister in New York, where he mentioned the business reforms initiated by Prime Minister Narendra Modi in the last eight years such as reduction of compliance requirements, removal of retrospective tax, simplification of corporate tax rates. The Framework, Insolvency and Bankruptcy Code (IBC) improved India’s “ease of doing business rank” from 142 in 2014 to 63 in 2022, according to a World Bank report.

Jitendra Singh was speaking at the “Global Clean Energy Action Forum- 2022” in Pittsburgh, Pennsylvania after returning from the Joint Ministerial Plenary on Clean Energy Ministerial (CEM13) and Mission Innovation (MI-7).

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He led a high-level joint Indian ministerial delegation of the Ministries of Power, New and Renewable Energy and Science and Technology to the Energy Summit on 21-23 September and presented India’s vision on clean energy initiatives and climate action at various roundtables and joint meetings. Ministerial Plenary.

Jitendra Singh invites NRIs (Non-Resident Indians) and PIOs (Persons of Indian Origin) to explore India’s phenomenal start-up boom, whose success has become a global talking point.

He said that with over 77,000 start-ups and 105 unicorns, Indian innovators, incubators and entrepreneurs are making a mark for themselves and this can inspire and encourage you to look at opportunities in India. The country has a lot of focus on sunrise areas like 5G, artificial intelligence, drones, semiconductors, blockchain, green energy and space economy, the minister added.

Referring to the National Education Policy 2020, Jitendra Singh said that it opens numerous avenues to improve our university-to-university links, joint academic programmes, credit portability and research partnerships. He said India is now open for foreign universities to set up campuses in the country and we are hopeful that US universities will take advantage of these opportunities.

According to the official statement, Jitendra Singh also said that as two democracies with shared values, open exchange of knowledge is key to our strong partnership. Indian students in the US are an integral part of this, and so are our ties between universities and educational institutions on both sides. We have a large number of Indian academics and research scholars in the US. The minister informed that Indian students are the second largest group in the US and what makes them stand out is that most of them are enrolled in Science, Technology, Engineering and Mathematics (STEM) courses. He said they contribute to the cross flow of knowledge, technology, research and prosperity between the two countries and in the digital age, it is of particular importance to hone the talent in this particular region to strengthen the knowledge economy and build a greener planet.

He said that today, there are many Fortune 500 companies, be it Google or its parent company Alphabet, Microsoft, Adobe, IBM, Alphabet, Twitter, FedEx, NetApp and Starbucks – that have Indians at the helm or playing key roles. In senior management.

He also said that the India-US relationship has emerged as the defining partnership of the 21st century and according to official data, merchandise exports from India have touched a new high of USD 417.81 billion in the financial year (FY) 2021-22, marking an increase. 43.18 percent over the USD 291.18 billion recorded in the previous fiscal year.

He said this is the first time India has achieved the ambitious target of $400 billion in merchandise exports and it also shows that India is beginning to emerge as a reliable partner as global companies look to diversify and reduce their supply chains. Their dependence on China.

The Minister concluded by saying that we are celebrating 75 years of India’s independence in India and around the world and celebrating its incredible journey as a vibrant democracy and a thriving economy.

The minister told the Indian diaspora that they represent the aspiration of a new India, an India that is moving towards the ‘Amrit Kal’ of a golden age of progress and growth. It is also pleasing to know that the largest India Day Parade in New York City was organized by the Federation of Indian Associations (FIA) in collaboration with the Indian Consulate on August 21 this year, the statement said.

The Minister urged them to join hands in celebrating India’s diversity, industry, innovation, sports achievements and more and contribute to India’s progress as a nation.

Singh left for India after a fruitful 5-day visit to the US to participate in the Global Clean Energy Action Forum and had meaningful interactions with eminent academics as well as the Indian diaspora. (ANI)

(This is an unedited and auto-generated story from a syndicated news feed, most recent staff may not have changed or edited the content body)

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