It is essential that there is an enabling ecosystem for investors to invest in the states, where it is free of the Inspector Raj: PM
Healthy competition among states would enhance the competitiveness of our industries on the global platform: PM
Today India stands out as a Business Friendly Destination: PM Modi

Prime Minister congratulated the Chief Minister of Himachal Pradesh for organizing this event.

Addressing the gathering, Prime Minister said, he is happy to welcome all the Wealth Creators to this meet.

He said earlier states were offering various discounts to attract investment and that the investors were waiting to see which State offered more concessions or discounts.

Prime Minister said that in the last few years states have realised that this competition of offering discounts or concessions to industrialists were of no benefit to anyone – either to the state or to the Industrialists.

He said it is essential that there is an enabling ecosystem for investors to invest in the states, where it is free of the Inspector Raj and the need of permits at every stage.

He said nowadays the States are competing to provide such an enabling ecosystem to the investors.

He added, over the past few years, several reforms such as ease of doing business, scrapping of obsolete laws were undertaken in this direction. He said healthy competition among states would enhance the competitiveness of our industries on the global platform.

Prime Minister said this would benefit the states, the local population and the country at large and India would progress at a very rapid pace.

He said Industry also likes a clean and transparent system and governments. Unwanted laws and Government interventions, he said, aid in halting the progress of the industry.

He said it is due to changes like these, India today stands out as a Business Friendly Destination.

He said, today the vehicle of development in India is moving ahead with a new thinking and new approach, on four Wheels of – “Society, Government which is encouraging New India, an Industry which is daring, and Knowledge with a motive of sharing”.

Prime Minister said, that, between 2014 and 2019 India improved 79 places in Ease of Doing Business Rankings. He said “Every year we are improving in each parameter. Improvement in these rankings means that our Government is making decisions after a thorough understanding of the needs at the grass roots level for the industry.” 

“This is not just an improvement in rankings but a major revolution in the way of doing business in India. In today’s global scenario, India is standing strong as we did not allow our economic fundamentals to become weak”, he said.

He said Industry is now provided with a proper exit route through robust Insolvency & Bankruptcy code.

He said the Union Government has taken a major decision for the benefit of middle class where in the Government has decided to restart the stalled housing projects across the country so that 4.58 Lakh families can now get their houses in which they have invested.

He the central government has also slashed Corporate Tax to 15% for new domestic companies.

He requested Industry and Global representatives to view India as one of the most favourable destination for investment.

Prime Minister said that the decision to invest over Rs 100 Lakh Crores for infrastructure development would benefit the state of Himachal Pradesh too.

He appreciated state government of Himachal Pradesh for undertaking several landmark initiatives for creating an investor friendly environment.

In this context, he mentioned steps taken by the state government, such as single window clearance system, sector specific policies, transparent system of land allotment etc are making it an attractive destination for investment.

Prime Minister described Himachal as having an immense potential for conference tourism.

Prime Minister also visited the exhibition show casing the investment potential and opportunities of Himachal Pradesh.

Prime Minster also released a coffee table book in this context.

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PM chairs 45th PRAGATI Interaction
December 26, 2024
PM reviews nine key projects worth more than Rs. 1 lakh crore
Delay in projects not only leads to cost escalation but also deprives public of the intended benefits of the project: PM
PM stresses on the importance of timely Rehabilitation and Resettlement of families affected during implementation of projects
PM reviews PM Surya Ghar Muft Bijli Yojana and directs states to adopt a saturation approach for villages, towns and cities in a phased manner
PM advises conducting workshops for experience sharing for cities where metro projects are under implementation or in the pipeline to to understand the best practices and key learnings
PM reviews public grievances related to the Banking and Insurance Sector and emphasizes on quality of disposal of the grievances

Prime Minister Shri Narendra Modi earlier today chaired the meeting of the 45th edition of PRAGATI, the ICT-based multi-modal platform for Pro-Active Governance and Timely Implementation, involving Centre and State governments.

In the meeting, eight significant projects were reviewed, which included six Metro Projects of Urban Transport and one project each relating to Road connectivity and Thermal power. The combined cost of these projects, spread across different States/UTs, is more than Rs. 1 lakh crore.

Prime Minister stressed that all government officials, both at the Central and State levels, must recognize that project delays not only escalate costs but also hinder the public from receiving the intended benefits.

During the interaction, Prime Minister also reviewed Public Grievances related to the Banking & Insurance Sector. While Prime Minister noted the reduction in the time taken for disposal, he also emphasized on the quality of disposal of the grievances.

Considering more and more cities are coming up with Metro Projects as one of the preferred public transport systems, Prime Minister advised conducting workshops for experience sharing for cities where projects are under implementation or in the pipeline, to capture the best practices and learnings from experiences.

During the review, Prime Minister stressed on the importance of timely Rehabilitation and Resettlement of Project Affected Families during implementation of projects. He further asked to ensure ease of living for such families by providing quality amenities at the new place.

PM also reviewed PM Surya Ghar Muft Bijli Yojana. He directed to enhance the capacity of installations of Rooftops in the States/UTs by developing a quality vendor ecosystem. He further directed to reduce the time required in the process, starting from demand generation to operationalization of rooftop solar. He further directed states to adopt a saturation approach for villages, towns and cities in a phased manner.

Up to the 45th edition of PRAGATI meetings, 363 projects having a total cost of around Rs. 19.12 lakh crore have been reviewed.