PM Modi: India Set to Emerge as Third-Largest Financial system at India-Jordan Enterprise Discussion board

Prime Minister Narendra Modi delivers speech on the Indian-Jordanian Enterprise Discussion board in Amman, Jordan.

Prime Minister Narendra Modi on Tuesday stated India stays the fastest-growing main economic system and is on track to develop into the third largest economic system on the earth. He additionally proposed doubling bilateral commerce with Jordan to $5 billion over the following 5 years.

Alluding to the over 8% progress of the Indian economic system, he underscored that this was a results of productivity-driven governance, and innovation-driven insurance policies.

PM Modi and His Majesty King Abdullah II on December 16 addressed the India-Jordan Enterprise Discussion board in Amman. The Discussion board was additionally attended by HRH Crown Prince Hussein and Jordan Minister of Commerce and Trade and Minister of Funding.

PM Modi and Abdullah II acknowledged the significance of accelerating business-to-business ties between the 2 international locations and known as upon the business captains from either side to transform the potential and alternatives into progress and prosperity. The Jordan’s king famous that Jordan’s free-trade agreements and India’s financial energy might be mixed to create an financial hall between South Asia and West Asia and past.

Addressing the Discussion board, Prime Minister famous that Jordan and India share a vibrant modern partnership, constructed on the sturdy edifice of their shut civilizational ties. He appreciated the management of His Majesty beneath whom Jordan has develop into a bridge that connects markets and areas, and is fostering enterprise and progress. Prime Minister proposed doubling bilateral commerce with Jordan to US$ 5 billion over the following 5 years.

The prime minister invited Jordanian corporations to companion India and reap the advantages of its 1.4 billion shopper market, its sturdy manufacturing base, and its secure, clear, and predictable coverage surroundings. Prime Minister stated that each international locations can be part of arms to develop into trusted provide chain companions for the world.

Prime Minister additionally highlighted alternatives for India-Jordan enterprise collaboration within the fields of Digital Public Infrastructure, IT, Fintech, Well being-tech and Agri-tech and invited start-ups from each nations to hitch arms in these areas. He famous that India’s energy in pharma and medical units sectors and Jordan’s geographical benefit may complement one another and make Jordan a dependable hub for West Asia and Africa in these fields.

He additionally highlighted enterprise alternatives for the 2 sides within the areas of agriculture, chilly chain, meals parks, fertilisers, infrastructure, vehicle, inexperienced mobility and heritage and cultural tourism. Talking about India’s inexperienced initiatives, Prime Minister recommended higher India-Jordan enterprise collaboration within the fields of renewable power, inexperienced financing, desalination and water recycling.

The Discussion board witnessed the participation of enterprise leaders from each international locations within the fields of infrastructure, well being, pharma, fertilizer, agriculture, renewable power, textile, logistics, vehicle, power, protection, and manufacturing. The delegation additionally comprised representatives of FICCI and Jordan Chamber of Commerce, who’ve an present MoU to advertise commerce and financial cooperation between the 2 international locations.