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"Red Tape Out, Red Carpet In,"
PM Modi Tells Global CEOs In
Davos: 10 Facts
The Indian presence this year in Davos is the largest in the 48
year history of the World Economic Forum. PM Modi is the first
prime minister to attend the summit in over two decades.
All India | Edited by Divyanshu Dutta Roy | Updated: January 23, 2018 19:24 IST
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Highlights
1
PM Modi delivers opening keynote address at World Economic Forum
2
PM Modi is first Indian prime minister to attend Davos summit in 21 years
3
PM Modi was given standing ovation as he arrived at the venue
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23/01/2018 Davos 2018: "Red Tape Out, Red Carpet In," PM Modi Tells Global CEOs - 10 Facts
Davos 2018: PM Narendra Modi today delivered keynote speech at World Economic Forum
Davos: Prime Minister Narendra Modi made his Davos debut to a standing ovation as he entered the
Congress Centre to deliver the keynote address at this year's World Economic Forum's opening
session. Speaking in Hindi, PM Modi showcased ease of doing business in India to world leaders and
global CEOs, also calling for countries to unite to tackle what he called the three big challenges that
the world faces "climate change, terrorism and a threat to globalisation with powers of protectionism
rising".
Here is 10point cheat sheet to Davos 2018:
1. "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.
2. Investing in India, travelling to India and manufacturing in India has become much easier, the
Prime Minister said, listing his government's policies, and adding, "We have pledged to end
license raj, we are removing red tape and laying out the red carpet."
3. PM Modi said India is poised to become a 5trilliondollar economy by 2025, recalling that the
last time an Indian Prime Minister attended the WEF was 21 years ago, and stating, "India's
GDP in 1997, when the last PM came to Davos, was a little over 400 billion dollars. It has grown
six times since."
4. The Prime Minister quoted poet Rabindranath Tagore, saying he had written of "a haven of
freedom where the world is not divided by narrow walls" and called for turning that into reality,
stating that "India will always be a unifying and harmonising force."
5. PM Modi said terrorism is dangerous, reiterating that "it is worse when people create an artificial
difference between "good' and 'bad' terror. It is painful to see some youngsters getting
radicalised."
6. He also said "India has always believed in values of integration and unity," stating that amid fast
moving economic and political changes in the world, "peace, stability and security face new and
serious challenges."
7. "It was a speech of a statesman and a global leader. Three points which the honourable Prime
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23/01/2018 p g Red Carpet In," PM Modi Tellsp Global CEOs - 10 Facts
Davos 2018: "Red Tape Out,
Minister made which should concern the world: global warming, terrorism and protectionism are
key pertinent points. On all these points, he could highlight what India is doing and what India
has done and what India aspires to do," said Maharashtra chief minister Devendra Fadnavis.
8. After his address, the PM met his Canadian counterpart Justin Trudeau and Queen Maxima of
Netherlands and attended meetings with the International Business Council and the delegation
of Indian CEOs before leaving for Zurich for his flight back.
9. PM Modi landed in Switzerland last evening for a packed 24hour visit, and a dinner meeting
last night, talked about India's growth story and presented investment opportunities to over 40
global industry bosses from 18 countries, including Microsoft's Satya Nadella, Reliance's
Mukesh Ambani, Airbus CEO Dirk Hoke.
10. The PM invited everyone to speak and sought suggestions, responded to each query,
addressing each CEO personally, said those who attended. PM Modi said he was "moving from
ease of doing business to ease of living", his new focus would be "less conflict with
government."
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26 Comments and 3 replies
MOHIT 3 HOURS AGO
One line work for TRP PM.
We need basic infra and safety, nothing else
from you. What the hell other companies will
do in india , if we don't even have basic infra.
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23/01/2018 Davos 2018: "Red Tape Out, Red Carpet In," PM Modi Tells Global CEOs - 10 Facts
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