QuoteIndians have the spirit to achieve what is believed to be un-doable: PM Modi
QuoteIndia is ready to do whatever it can to further global good and prosperity: PM Modi
QuoteThe (COVID-19) pandemic has shown that India's pharmaceutical industry is an asset not just for India but for the entire world: PM

Distinguished guests from all walks of life, Namaste! Greetings from India. I appreciate India Inc Group for organizing this event. The present event is a part of the excellent work that India Inc has done over the past years. Your events have helped bring the opportunities in India to a global audience.You have helped making the links between India and UK stronger. I am happy that this year's event has expanded its reach to other partners also. Congratulations again. Hopefully next year, you will also get the opportunity to be on the Centre Court and enjoy Wimbledon.

Friends,

In these times, it is natural to talk about revival . It is equally natural to link global revival and India. There is faith that the story of global revival will have India playing a leading role. I see this closely linked with two factors. The first is- Indian talent. World over, you have seen the contribution of India's talent-force.This includes Indian professionals, doctors, nurses, bankers, lawyers, scientists, professors, our hard-working labourers. Who can forget the Indian tech industry and tech professionals. They have been showing the way for decades. India is a power-house of talent, that is eager to contribute, ever ready to learn. There is two-way synergy that is greatly beneficial.

Friends,

The second factor is India's ability to reform and rejuvenate . Indians are natural reformers! History has shown that India has overcome every challenge, be it social or economical. India has done so with a spirit of reform and rejuvenation. The same sprit continues now.

Friends,

On one hand India is fighting a strong battle against the global pandemic. With an increased focus on people's health, we are equally focussed on the health of the economy. When India talks of revival it is revival with care, revival with compassion, revival which is sustainable - both for the environment and the economy. We in India belong to the culture where Mother Nature is worshipped by everyone. It is believed in India that the Earth is our Mother and we are her children.

Friends,

During the last six years, India has made great gains in areas such as Total financial inclusion, Record housing and infra construction, Ease of Doing Business, Bold tax reforms including the GST, Roll out of the world's largest health care initiative - Ayushman Bharat. These gains have set the foundations for the next round of development initiatives.

Friends,

Indians have the spirit to achieve what is believed to be impossible. No wonder that in India, we are already seeing green-shoots when it comes to economic recovery. In this time of a pandemic, we have provided relief to our citizens and undertaken deep structural reforms. We are making the economy: more productive, investment friendly and competitive.

Our relief package has been smart and targeted to provide the most poor with the most help. Thanks to technology, every penny has reached the beneficiaries directly. The relief includes,providing free cooking gas, cash in the bank accounts, free food grains to millions of people and many other things. As soon as we unlocked, we have launched one of the world's largest public works program to provide employment to millions of workers. This will not only re-energise the rural economy, but also help in creation of durable infrastructure in the rural areas.

Friends,

India remains one of the most open economies in the world.We are laying a red carpet for all global companies to come and establish their presence in India. Very few countries will offer the kind of opportunites India does today. There are many possibilities and opportunities in various sunrise sectors in India. Our reforms in agriculture provide a very attractive investment opportunity to invest in storage and logistics. We are opening the doors to investors to come and invest directly in the hard-work of our farmers.

Friends,

We have brought reforms in the MSME sector. A booming MSME sector will also complement big industry. There are investment opportunities in the defence sector. With relaxed FDI norms, one of the world's biggest militaries invites you to come and make products for it. Now, there are more opportunities for private investment in space sector. This will mean greater access to commercial use of space tech for the benefit of people. India's tech and start-up sector is vibrant. There is a market of millions of digitally empowered, aspirational people.Imagine the kind of products you can make for them.

Friends,

The pandemic has once again shown that India's pharma industry is an asset not just for India but for the entire world. It has played a leading role in reducing the cost of medicines especially for developing countries. Vaccines made in India are responsible for two-thirds of the vaccination needs of the world's children. Today also, our companies are active in the international efforts for development and production of COVID-19 vaccine. I am certain that India will have an important role in developing and in scaling-up production of the vaccine once it is discovered.

Friends,

130 crore Indians have given the call for an AtmaNirbhar Bharat. A self reliant India. AtmaNirbhar Bharat merges domestic production and consumption with global supply chains. AtmaNirbhar Bharat is not about being self-contained or being closed to the world. It is about being self-sustaining and self-generating. We will pursue policies that promote efficiency, equity and resilience.

Friends,

I am happy to note that this Forum is also marking the 100th birth anniversary of Pandit Ravi Shankar. He took the beauty of Indian classical music to the world. You would also have seen how Namaste has gone global as a form of greeting. The pandemic has also seen the increasing appeal of Yoga, Ayurveda and traditional medicines world over. India's ancient culture, India's universal, peaceful ethos, is our strength.

Friends,

India is ready to do whatever it can to further global good and prosperity. This is an India that is reforming, performing and transforming. This is an India that offers new economic opportunities. This is an India that is adopting a human-centric and inclusive approach to development.

India awaits you all

Namaste,

Thank you very much.

 

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The World This Week On India
February 18, 2025

This week, India reinforced its position as a formidable force on the world stage, making headway in artificial intelligence, energy security, space exploration, and defence. From shaping global AI ethics to securing strategic partnerships, every move reflects India's growing influence in global affairs.

And when it comes to diplomacy and negotiation, even world leaders acknowledge India's strength. Former U.S. President Donald Trump, known for his tough negotiating style, put it simply:

“[Narendra Modi] is a much tougher negotiator than me, and he is a much better negotiator than me. There’s not even a contest.”

With India actively shaping global conversations, let’s take a look at some of the biggest developments this week.

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AI for All: India and France Lead a Global Movement

The future of AI isn’t just about technology—it’s about ethics and inclusivity. India and France co-hosted the Summit for Action on AI in Paris, where 60 countries backed a declaration calling for AI that is "open," "inclusive," and "ethical." As artificial intelligence becomes a geopolitical battleground, India is endorsing a balanced approach—one that ensures technological progress without compromising human values.

A Nuclear Future: India and France Strengthen Energy Security

In a world increasingly focused on clean energy, India is stepping up its nuclear power game. Prime Minister Narendra Modi and French President Emmanuel Macron affirmed their commitment to developing small modular nuclear reactors (SMRs), a paradigm shift in the transition to a low-carbon economy. With energy security at the heart of India’s strategy, this collaboration is a step toward long-term sustainability.

Gaganyaan: India’s Space Dream Inches Closer

India’s ambitions to send astronauts into space took a major leap forward as the budget for the Gaganyaan mission was raised to $2.32 billion. This is more than just a scientific milestone—it’s about proving that India is ready to stand alongside the world’s leading space powers. A successful human spaceflight will set the stage for future interplanetary missions, pushing India's space program to new frontiers.

India’s Semiconductor Push: Lam Research Bets Big

The semiconductor industry is the backbone of modern technology, and India wants a bigger share of the pie. US chip toolmaker Lam Research announced a $1 billion investment in India, signalling confidence in the country’s potential to become a global chip manufacturing hub. As major companies seek alternatives to traditional semiconductor strongholds like Taiwan, India is positioning itself as a serious contender in the global supply chain.

Defence Partnerships: A New Era in US-India Military Ties

The US and India are expanding their defence cooperation, with discussions of a future F-35 fighter jet deal on the horizon. The latest agreements also include increased US military sales to India, strengthening the strategic partnership between the two nations. Meanwhile, India is also deepening its energy cooperation with the US, securing new oil and gas import agreements that reinforce economic and security ties.

Energy Security: India Locks in LNG Supply from the UAE

With global energy markets facing volatility, India is taking steps to secure long-term energy stability. New multi-billion-dollar LNG agreements with ADNOC will provide India with a steady and reliable supply of natural gas, reducing its exposure to price fluctuations. As India moves toward a cleaner energy future, such partnerships are critical to maintaining energy security while keeping costs in check.

UAE Visa Waiver: A Boon for Indian Travelers

For Indians residing in Singapore, Japan, South Korea, Australia, New Zealand, and Canada, visiting the UAE just became a lot simpler. A new visa waiver, effective February 13, will save Dh750 per person and eliminate lengthy approval processes. This move makes travel to the UAE more accessible and strengthens business and cultural ties between the two countries.

A Gift of Friendship: Trump’s Gesture to Modi

During his visit to India, Donald Trump presented Prime Minister Modi with a personalized book chronicling their long-standing friendship. Beyond the usual diplomatic formalities, this exchange reflects the personal bonds that sometimes shape international relations as much as policies do.

Memory League Champion: India’s New Star of Mental Speed

India is making its mark in unexpected ways, too. Vishvaa Rajakumar, a 20-year-old Indian college student, stunned the world by memorizing 80 random numbers in just 13.5 seconds, winning the Memory League World Championship. His incredible feat underscores India’s growing reputation for mental agility and cognitive excellence on the global stage.

India isn’t just participating in global affairs—it’s shaping them. Whether it’s setting ethical AI standards, securing energy independence, leading in space exploration, or expanding defence partnerships, the country is making bold, strategic moves that solidify its role as a global leader.

As the world takes note of India’s rise, one thing is clear: this journey is just getting started.