By Ahmed Khan, The Rahnuma Daily Editor-In-Chief (Online English Edition), @editor_therahnuma, editor@therahnuma.com
RIYADH (RAHNUMA) Extending the Indian government’s full support to Saudi Arabia’s vision 2030 plan, PM Modi, during his speech on opening day of “Future Investment Initiative 2019 (FII 2019)” conference in Riyadh today said, “India would work hand in hand with Saudi to propel further the economy of both the nations.
Highlighting country’s determination more vocally, he said “India has embarked on a vision of new capabilities and prospects with peace and prosperity that not only confine to country but have a larger scope beyond the boundaries.
India, he said, shows significant advancement in Artificial intelligence (AI) and achieve the mark the expectations above and beyond. Now the country is looking ahead in achieving innovative technology to make it usable for people in their day to day life affairs.
Explaining Indian ambition to boost economic sector, he said, “India has set a target of doubling its economy to $5 trillion in the next five years. Asserting that we could only able to make fast strides on the development front, if we understand the emerging trends in the field.”
He reminded that the field of human resources, with the approbation of international investment considerations have now included criteria for employment and training workers with the skills required for the jobs. “Indian talent has created distinction in display of skills, law abidance and hardworking that considered core components of rapid economic growth,” he said.
Saudi Arabia is looking at making investments in India potentially worth USD $100 billion in the areas of energy, refining, petrochemicals, infrastructure, agriculture, minerals and mining. Welcoming the decision he said, “Investment and energy were vital for the economy and he invited companies from the energy sector to become more involved.”
Turning the attention towards emerging trends in India, PM Modi said, “India’s tax structure is comparatively fair enough in the world. Moreover the reforms are in process that enabled it to jump further. In the last four to five years an additional 300 million people had joined the banking system that shows every citizen now had a phone and bank account.”
Ahmed Khan is the Editor-In-Chief & Publisher of The Rahnuma Daily (theRahnuma.com), the online English daily edition of The Rahnuma-E-Deccan Daily (ReDD), India’s oldest Urdu daily print newspaper. Established in 1921, ReDD is ranked by the INA (Indian Newspaper Association) as among the top five most widely circulated Urdu newspapers in India. Ahmed resides in Hyderabad at his maternal ancestral home with his uncle H.E. Mr. Syed Vicaruddin, Editor-In-Chief, Publisher, The Rahnuma-E-Deccan Daily. He can be contacted at, @editor_therahnuma, editor@therahnuma.com.
