Prime Minister Narendra Modi has emphasized the urgency of addressing the longstanding tension along the disputed border between Bharat and China, aiming to normalize bilateral relations between the two nations. According to a report, PM Modi stressed the importance of stable and peaceful relations between Bharat and China for the broader region and the world. In an interview with Newsweek magazine, Modi highlighted the need to resolve the ongoing situation on the borders promptly to overcome the existing abnormalities in bilateral interactions.
Modi expressed optimism in resolving the border situation through positive and constructive engagement at both diplomatic and military levels. He conveyed hope that such efforts would restore and sustain peace and tranquility along the borders. The Prime Minister underscored the significance of peaceful relations between Bharat and China, recognizing it as essential for regional stability and global peace.
Addressing the issue of competition with China, Prime Minister Modi showcased Bharat’s economic reforms and positioned the country as an attractive destination for businesses seeking to diversify their supply chains away from China. Modi highlighted key reforms such as the Goods and Service Tax, corporate tax reduction, bankruptcy code, and labor law reforms, which have significantly improved Bharat’s ease of doing business.
Modi outlined Bharat’s efforts to align its regulatory framework, taxation practices, and infrastructure with global standards to attract investment and facilitate business operations. He emphasized the positive impact Bharat’s adoption of global standards could have on the world, given its sizable population. The Prime Minister pointed out initiatives like the Production Linked Incentive (PLI) schemes across various sectors to enhance Bharat’s manufacturing capabilities.
Highlighting Bharat’s strengths and attractiveness as a manufacturing hub, Modi noted the country’s global reputation for producing world-class goods at competitive costs. He emphasized Bharat’s vast domestic market as an additional incentive for businesses looking to establish resilient supply chains. Modi positioned Bharat as the perfect destination for those seeking trusted and resilient supply chains, owing to its conducive business environment and strategic initiatives.
Prime Minister Modi’s remarks come as Bharat prepares for the upcoming Lok Sabha elections, where he seeks a rare third term in office. With voting scheduled to begin on April 19 in seven phases, Modi’s emphasis on resolving the Bharat-China border dispute and positioning Bharat as an attractive investment destination underscores the government’s priorities and aspirations for the nation’s development and stability.
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