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India has vibrant democracy, political stability, skilled talent pool: PM Modi�s pitch to Canadian investors

New Delhi
October 9, 2020

India is playing the role of the world's pharmacy, Prime Minister Narendra Modi said on Thursday. He was delivering the keynote address via video-conferencing at the Invest India Conference in Canada.

An annual event, the Invest India Conference in Canada is held with an aim to strengthen business ties between the two countries. This time around, the event was organized virtually in light of the COVID-19 outbreak.

During his keynote address, PM Modi highlighted India's decision to supply medicine to around 150 countries amid the ongoing pandemic. He went on to add that India overcame problems related to manufacturing, supply chains and availability of PPE etc.

He also stated that India has liberalized its FDI norms and bond market while creating a friendly tax structure for Pension Funds and Sovereign Wealth.

"Today, India is undergoing a rapid change in mindsets and markets" by deregulation and de-criminalization of multiple offences listed under the Companies Act, Prime Minister Narendra Modi said during his address. He further stated that India is proactively monetizing assets such as Railways, Real investment trusts, Airports, and Power transmission lines among others.