Modi Running ‘Superfast Development Train’, Says Mukhtar Abbas Naqvi

Mukhtar Abbas Naqvi

PUNE:¬† Prime Minister Narendra Modi has been running a super fast “development train” on the safe tracks of national interests, Union Minister Mukhtar Abbas Naqvi said today.

Mr Naqvi, who addressed a ‘Vikas Parv’ meeting, to mark two years of the Modi-led government, said, “We have to work with great speed to bring development process at ground level and to eliminate the system of middlemen and power-brokers.”

“The Modi government has been converting the country’s inclusive and overall development into a reality. Our development model is aimed at providing light of progress to the last person of the society,” the Minister of State for Minority Affairs said.

He said the world has been attracted towards India and is considering it as a safe and lucrative destination for investment and business.

“Modi has become a brand of development and trust across the world,” Mr Naqvi added.

The prosperity of villages, farmers, poor, weaker sections and enhanced prestige of Indian culture and economy at the global level is a hallmark of two years of the central government led by PM Modi, he said.

Due to the economic reforms initiated by the Modi government, India attracted Foreign Direct Investment worth $55.46 billion in 2015-16, the highest in any financial year, he said, adding it was $36.04 billion in 2013-14.

Amid the global economic crisis, Indian economy is strong and growing at more than 7.5 percent rate, he said.

To ensure the safety of national interests, the Centre has radically liberalised the FDI regime with the objective of making the business process easy and providing the major impetus for job creation in the country, the Union minister said.

In two years, the Modi government has brought in major FDI policy reforms in several sectors including Defence, Construction Development, Insurance, Pension, Broadcasting, Single Brand Retail, Manufacturing Sector and Civil Aviation, he added.