Sunday, August 31, 2014


Special management team for Japan under PMO: Narendra Modi

 

TOKYO: Holding that the environment of "disappointment" was over, Prime Minister Narendra Modi on Monday invited Japanese businesses to join India's developmental efforts with a promise of non-discriminatory and speedy clearances and announced setting up of a special management team under PMO to facilitate business from Japan. Addressing top business leaders of Japan and India here, Modi flagged the recent decisions to liberalize FDI policy in the railways, defence and insurance and said rules and laws are being changed in India which would show results in the near future  
While wooing Japanese businesses, Modi cited the latest growth figures of 5.7 per cent in the first quarter of this financial year and suggested that the phase of disappointment was over.

"See the work done in 100 days of my government. Earlier, the GDP used to hover around 5-5.4 per cent and led to an environment of disappointment ... But in the first quarter of our government, there has been a growth of 5.7 per cent. It is a big jump. Now there is renewed hope," he said.

Targeting the previous Manmohan Singh government, he said the situation was bad for one decade. He specifically mentioned the UPA government's 'Go, No-Go' policy with regard to environmental clearances and said it would put anybody in a "dilemma" with regard to taking any decision.

He said India, after 30 years, has a government with full majority, which puts increased responsibility on the government to deliver as 125 crore people of the country have an urge to see the quality of life change.

Inviting Japanese businesses, particularly to infrastructure and clean energy sectors, the Prime Minister asked them to keep in mind the Gujarat experience.

He promised single-window clearances, speedy decision-making which is non-discriminatory in nature.
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