Prime Minister Narendra Modi has said that the Government is fully committed to the principle of Reform, Perform and Transform. Delivering his Keynote address at IIT 2020 Global Summit organised by PanIIT USA, Mr Modi said, there is no sector left out from the ambit of reforms. He listed many path-breaking reforms brought in by the Government in various sectors such as assimilating 44 Union labour laws into just 4 codes, having one of the lowest corporate tax rates in the world, Production Linked Incentive Scheme in ten key sectors to enhance exports as well as manufacturing.
The Prime Minister highlighted that even in these testing times of COVID-19, India has got record investment and much of this investment has come in the tech sector. The Prime Minister said, our actions today will shape our planet’s tomorrow. He said, the post covid-19 order will be about: Re-learning, re-thinking, re-innovating and re-inventing.
He said the world today needs viable solutions to adjust to the new normal. Mr Modi added that the Government is working with many countries in South East Asia and Europe to ensure that our youngsters get an international platform to showcase their skills and learn from best practices globally. He said India hosted the Vaibhav Summit which brought together top-quality talent in the fields of science and innovation. He said, this summit set the tone for future collaborations in science and innovation. The Prime Minister said India is witnessing a sea change in the way it works. He said, today, with the historic reforms in the Space sector, the last frontier before humanity has opened up to Indian talent.