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Wednesday, Nov 20, 2019

India’s 2024 mission is to double the economy, take it to $5 trillion: PM Modi

Prime minister Narendra Modi is in Saudi Arabia on a two-day visit to attend an investment meet. The prime minister held bilateral talks with King Salman bin Abdulaziz Al Saud today.

By HT Correspondent | Updated: Oct 29, 2019 21:08 IST
India’s 2024 mission is to double the economy, take it to $5 trillion: PM Modi

Prime minister Narendra Modi, who is on a two-day visit to Saudi Arabia, held a bilateral meeting with King Salman bin Abdulaziz Al Saud at 5.30 pm.

He is going to deliver his keynote address at Future Investment Initiative (FII), followed by a meeting and a dinner hosted by Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud.

In an interview with Arab News, PM Modi said that both the sides had “identified a number of areas of mutual interest and cooperation in the field of defence and security”.

09:08 PM IST

PM Modi ends keynote address

PM Modi has ended his keynote address at FII forum in Saudi Arabia.

09:04 PM IST

New energy in new India, but will hold on to traditional values: PM Modi

"There will be new energy in new India but we will also hold on to our traditional values," said PM Modi.

09:02 PM IST

Will support Saudi's vision 2030: PM Modi

"There is clarity in our policies. Our aim is to increase the living standard of all Indians, because of political stability and diverse market, your investment in India will be beneficial for you. Saudi's vision 2030 and to diversity their economy we will support them," said PM Modi.

08:58 PM IST

Aim to invest $ 100 Billion in refining, pipelines, gas terminals by 2024: PM Modi

"By 2024, we aim to invest $ 100 Billion in refining, pipelines, gas terminals. I am happy that Saudi Aramco has decided to invest in West Coast Refinery Project - which will be the largest refinery of Asia," said PM Modi.

08:55 PM IST

400 people will be trained under Skill India: PM Modi

"Under Skill India initiative, in the coming 3-4 years, 400 million people will be trained under different skills. This will provide assured skilled manpower to companies investing in India," said PM Modi.

08:54 PM IST

Climate change is visible: PM Modi

"Importance of climate change is visible, we cannot ignore it. It is very important to conserve energy and we are increasing investment in gas and oil industry," said PM Modi.

08:50 PM IST

India third largest startups ecosystem: PM Modi

"Today, India has become the third largest startups ecosystem in the world. Many of our startups are investing globally," said PM Modi.


"Even in tier-2&3 cities of India startups have come up. Our start-ups have started investing at global scale. I invite global investors to benefit from our start-up ecosystem," said PM Modi.

08:49 PM IST

Infrastructure is an opportunity multiplier: PM Modi

"We aim for one nation, one power grid, one nation one gas grid, one nation one optical fiber network etc. Through these, we are trying to integrate India's infrastructure," said PM Modi.

08:48 PM IST

India has to understand emerging trends: PM Modi

"India has set a target of doubling its economy to $5 trillion in the next five years. Today in India, if we want to speed up development, then we have to understand the emerging trends," said PM Modi in his keynote address at FII.

08:47 PM IST

FII forum has come a long way: PM Modi

"FII forum has "come a long way", and hard work of people of Kingdom has converted 'sands of the desert into gold'," said PM Modi.

08:45 PM IST

Ancient relations with Saudi built strong foundation for our partnership: PM Modi

"Our relations with Saudi Arabia is several years old. Our ancient relations has built a strong foundation for our strategic partnership," PM Modi said.

08:43 PM IST

Agreement on Strategic Partnership Council signed: PM Modi

An agreement on Strategic Partnership Council, first mooted when Crown Prince Mohammed bin Salman visited India in February, was signed today. PM Modi has said the council will mark the beginning of a “new era of cooperation across sectors”.

08:42 PM IST

Aim to look for ways aimed at global welfare: PM Modi

The aim of this forum is not only to discuss the economic system here but also to understand the rising trends of the world and look for ways aimed at global welfare.

08:41 PM IST

PM Modi delivers keynote address at Future Investment Initiative

PM Modi delivers keynote address at Future Investment Initiative.

08:20 PM IST

PM's keynote address to begin in a few minutes

PM Modi's FII keynote address is going to begin in a few minutes.

First published: Oct 29, 2019 18:39 IST