Doing business in India easier now: Modi | WeForNews | Latest News, Blogs Doing business in India easier now: Modi – WeForNews | Latest News, Blogs
Connect with us

India

Doing business in India easier now: Modi

Published

on

New Delhi, Nov 3 : Prime Minister Narendra Modi on Friday invited global investors to do business in India, which he said was “easier now” after his government repealed archaic laws and launched attractive fiscal incentives.

Describing India as “one of the fastest growing economies” in the world, Modi said it was an opportune time for global businesses to invest in the country.

“India has jumped 30 ranks this year in the World Bank’s (Ease of) Doing Business rankings. India was ranked number one in the world in 2016 in greenfield investment.

“India is also rapidly progressing on the Global Innovation Index, Global Logistics Index and Global Competitiveness Index,” Modi told the gathering of global businessmen at the inauguration of World Food India 2017 here.

Billed as the biggest congregation of global investors and business leaders of major food companies, the three-day event aims to transform the food economy and realise the government’s vision of doubling famers’ income by establishing India as a preferred investment destination and sourcing-hub for the global food processing industry.

“Private sector participation has been increasing in many segments of the value chain. However, more investment is required in contract farming, raw material sourcing and creating agri-linkages. This is a clear opportunity for global chains.”

Modi said India offered single window clearance for investors and had launched attractive fiscal incentives.

“There are opportunities in post-harvest management, like primary processing and storage, preservation infra, cold chain and refrigerated transportation.

“There is also immense potential for food processing and value addition in areas such as organic and fortified foods.”

He said food processing was a way of life in India that had been practiced for ages.

“Simple, home-based techniques, such as fermentation, have resulted in the creation of our famous pickles, papads, chutneys and murabbas that excite both the elite and the masses across the world.”

Modi said farmers were central to India’s efforts in food processing and as such the government launched the Pradhan Mantri Kisan Sampada Yojana to create world-class food processing infrastructure.

“This will leverage investment of $5 billion, benefit two million farmers and create more than half a million jobs.”

The food event will host over 2,000 participants and 200 companies from around 30 countries.

Apart from representatives of 28 states, it will also see participation of 18 ministerial and business delegations, nearly 50 global CEOs along with heads of all leading domestic food processing companies.

IANS

Health

Coronavirus: India inches closer to 93 Lakh Covid-19 cases

Apart from Maharashtra, Andhra Pradesh, and Karnataka have reported the highest number of cases.

Published

on

By

Coronavirus India

New Delhi, Nov 26 : With 44,489 new cases of Covid infections, India’s total cases reached 92,66,705 on Thursday. It is the 19th straight day when India reported less than 50,000 cases in a day.

The last time daily new cases crossed the 50,000-threshold was on November 7.

According to the data released by the Ministry of Health and Family Welfare, 524 new deaths occurred due to the deadly virus in the last 24 hours taking the toll to 1,35,223.

While the active cases stood at 4,52,344, a total of 86,79,138 have recovered from the virus and have been discharged of which 36,367 were discharged in the last 24 hrs.

While the recovery rate stands at 93.66 per cent, the fatality rate is at 1.46 per cent, the Ministry data revealed.

Maharashtra remains the worst-hit state with 84,464 active cases and 46,748 deaths so far. The recoveries in the state stand at 17,95,959.

Apart from Maharashtra, Andhra Pradesh, and Karnataka have reported the highest number of cases.

The National capital is also witnessing a surge.

Continue Reading

Disaster

Cyclone Nivar to weaken further into cyclonic storm before noon today

Puducherry recorded rainfall measuring 237mm between 8.30am Wednesday and 2.30am Thursday. During the same time, Cuddalore recorded 246mm and Chennai 83mm.

Published

on

Bhubaneswar Cyclone Fani

Cyclone Nivar crossed the Tamil Nadu and Puducherry coast around the union territory as a severe cyclonic storm between 11.30pm Wednesday and 2.3 am Thursday with a wind speed of 120-130kmph, the India Meterological Department (IMD) said.

Nivar’s intensity has weakened into a severe cyclonic storm with a wind speed of 110-120kmph. It will further weaken into a cyclonic storm before noon Thursday, according to the weather office.

Also Read: Cyclone Nivar makes landfall, rain hits Tamil Nadu

Puducherry recorded rainfall measuring 237mm between 8.30am Wednesday and 2.30am Thursday. During the same time, Cuddalore recorded 246mm and Chennai 83mm.

The Tamil Nadu disaster management authority sounded a flood warning along the Arani river in Tiruvallur district.

The Greater Chennai Corporation said that civic workers were working to clear several uprooted trees and electric poles and inundated localities in the city as well as coastal and delta districts of Tamil Nadu and Puducherry.

Officials are awaiting reports on the extent of damage from districts.

Continue Reading

Disaster

Cyclone Nivar crosses Tamil Nadu, Puducherry, felling trees, disrupting power supply

IMD said, “Under its influence rainfall at most/many places with heavy to very heavy fall at a few places with isolated extremely heavy falls are likely to occur over Ranipet, Tiruvannamalai, Tirupattur, Vellore districts of Tamil Nadu and Chittoor, Kurnool, Prakasam and Cuddappa districts of Andhra Pradesh.

Published

on

By

Nivar Cyclone Chennai Rain

Chennai/Puducherry: The very severe cyclonic storm Nivar, crossed the Tamil Nadu and Puducherry coast late night and early Thursday morning with an estimated wind speed of 120-130 kmph, said the India Meteorological Department (IMD).

On its way the cyclone uprooted several trees and power lines in Tamil Nadu’s Cuddalore, Marakkanam and in Puducherry.

Power supply in several areas was disrupted. The concerned administration was removing the fallen trees.

In Puducherry also the power supply was disrupted.

Puducherry Chief Minister V.Narayanasamy told a news channel that power supply will be restored in a phased manner on Thursday itself.

He said, a lot of trees have fallen due to the cyclone and rain in continuing.

Narayanasamy said low lying areas were inundated and work was on to drain the water. Fallen trees were being removed. “Power supply was disrupted and it will be soon restored in a phased manner in 12 hours”, he said.

As regards the cyclone damage to lives and property, Narayanasamy said the assessment will be made and by this afternoon, an estimate of damage will be known.

He said 80 relief camps have been set up in Puducherry. Camps have also been set up in Karaikal.

Narayanasamy said, “By Gods grace people of Puducherry escaped the fury of Nivar.”

He also inspected the cyclone damaged areas and urged the people to stay indoors and fishermen not to venture into the seas.

In Tamil Nadu’s Villupuram district, police said the fallen trees have been removed to ease the flow of traffic.

Similarly, the officials of power utility were also on the job to restore power supply wherever it got disrupted due to the cyclone.

At Marakkanam near Puducherry, several power poles fell down and the fishermen community requested the Tamil Nadu government to restore the power lines at the earliest.

According to the weather department the cyclone lays centered over coastal Tamil Nadu and Puducherry about 25km north of Puducherry with wind blowing at a speed of 90-100 kmph gusting to 110 kmph.

In the suburbs of Tamil Nadu capital Chennai, water got logged due to rains affecting the residents as well as traffic flow.

Nivar will move northwest wards and weaken further into a cyclonic storm during the next three hours, the IMD said.

The cyclone began its landfall on Wednesday night about 10.30 p.m. after moving at a speed of 16 kmph for six hours.

In an early morning tweet, Puducherry’s Lieutenant Governor Kiran Bedi said: “Good #MorningNutrition. Puducherry has faced the Cyclone, collectively and resolutely. Making us a stronger and a more experienced team.”

Even after landfall, the cyclone was likely to maintain its intensity for about six hours and weaken gradually.

The sea along the coast was very rough with huge waves were hitting the shores.

IMD said, “Under its influence rainfall at most/many places with heavy to very heavy fall at a few places with isolated extremely heavy falls are likely to occur over Ranipet, Tiruvannamalai, Tirupattur, Vellore districts of Tamil Nadu and Chittoor, Kurnool, Prakasam and Cuddappa districts of Andhra Pradesh.

Gale wind speed reaching 65-75 kmph gusting to 85 kmph very likely to prevail over interior districts (Ranipet, Tiruvannamalai, Tirupattur, Vellore) of Tamil Nadu and Chittoor district of Andhra Pradesh in the early morning to forenoon, the weather department said.

The Puducherry government too has announced Thursday as a public holiday.

Twenty five teams from National Disaster Response Force (NDRF) have been deployed on the coastal areas of Tamil Nadu, Puducherry and Andhra Pradesh.

Continue Reading
Advertisement

Most Popular

Corona Virus (COVID-19) Live Data

COVID-19 affects different people in different ways. Most infected people will develop mild to moderate illness and recover without hospitalization.