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Red tape replaced with red carpet: PM

DAVOS: Sending out a strong message against protectionism and inward-focused economic policies, Prime Minister Narendra Modi on Tuesday said such tendencies can be as dangerous as terrorism and climate change as he pitched for creating a "heaven of freedom" free from divisions.
Modi, who became the first Indian prime minister to address the World Economic Forum (WEF) annual summit here in two decades, talked about grave concerns facing the world, including terrorism and climate change.
The PM on Tuesday made a strong pitch to investors, saying the government had rolled out the red carpet and was removing the red tape while identifying climate change, terrorism and protectionism as the big challenges confronting countries.
"Come to India," PM Modi said, "If you want wellness along with wealth, wholeness along with health and peace with prosperity." In India, he said, "democracy, demography and dynamism" are shaping development and growth that is inclusive.
Investing in India, travelling to India and manufacturing in India has become much easier, the Prime Minister said, listing his government's policies for this, and he added, "We have pledged to end license raj, we are removing red tape and laying out the red carpet."
Addressing a gathering of the global elite in the Swiss ski resort at the opening session of the World Economic Forum 's annual meet, the PM also made not-so-subtle references to American protectionism and its stance on climate change under President Donald Trump.
Seen as an apparent reference to policies like America First, especially since US President Donald Trump would be coming to Davos later this week, Modi said: "many countries are becoming inward focused and globalisation is shrinking and such tendencies can't be considered lesser risk than terrorism or climate change".
Protectionism is rearing its head and there is a risk of new tariff and non-tariff barriers coming up, the prime minister said, as he mentioned that division is not the solution to this problem of anti-globalisation.
Noting that in an interconnected world, globalisation is losing its lustre, the prime minister wondered "do global organisations created after the Second World War really reflect the aspirations and dreams of mankind today? With respect to the developing countries, there is a very big gap".
Asserting that India is proud of its democracy and diversity, Modi said the country has always contributed towards global peace as well as believed in values of integration and unity.
Stating that terrorism is dangerous, the prime minister remarked that worse is when people say there is a difference between 'good' and 'bad' terror, besides noting that it is painful to see some youngsters getting radicalised. with aGENCy inputs
M Post Bureau

M Post Bureau

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