India: An Emerging Economic Force and Investment Hub, According to Global Leaders
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New Delhi, Dec 2 (NationPress) Global leaders acknowledged that India is an emerging economic force and serves as a pivotal investment hub, as stated on Monday.
During the inaugural session of the CII Partnership Summit 2024 held in the national capital, officials from various countries participated, including Trade Ministers from Italy, Israel, Bhutan, Bahrain, Algeria, Nepal, Senegal, South Africa, Myanmar, Qatar, and the Secretary of State for the Ministry of Commerce of Cambodia, all of whom are partner countries at the Summit.
In an interview with IANS, the Minister of Industry, Commerce and Employment of the Royal Government of Bhutan, Lyonpo Namgyal Dorji, remarked: "India is a rising economic power. Numerous foreign investment companies are flourishing in India, showing increased interest in the region. Therefore, we are here to establish connections as Bhutan enhances its focus on foreign direct investments (FDI) in sectors such as renewable energy, IT-enabled services, and hospitality."
Serigne Gueye Diop, Minister of Commerce and Trade from the Republic of Senegal, commented: "India was a leader in economic investments last year, not only globally but also in Senegal and across Africa. This is why we view India as a gateway for African investments. Additionally, it stands out as a strong partner in technology, IT, and artificial intelligence."
He further noted that currently, over 100 companies from Senegal are investing in India.
"We believe that under Prime Minister Narendra Modi's leadership, there will be even greater opportunities for collaborative investments in both the economy and technology," he added.
U Min Min, Deputy Minister of Commerce from Myanmar, stated: "As Myanmar shares a border with India, we maintain long-standing diplomatic and historical relations. Today's gathering allows us to engage with not only regional partners but also countries globally. This opportunity enables us to discuss trade, investments, and technologies across various sectors, facilitating the exchange of views and experiences."
Earlier, Union Commerce and Industry Minister Piyush Goyal emphasized that India provides a trustworthy partnership to nations of the Global South.
Addressing the shared themes from the session, he highlighted that stability, space, satellite, and sustainability were predominant topics of discussion among the officials present, underlining the necessity of these dialogues in today's world.
On the subject of enhancing the economies of partner countries, the Minister stressed the importance of liquidity to ensure financial stability for future investments, and he elaborated that liquidity, combined with lifestyle considerations, warrants deeper contemplation.
