Prime Minister Narendra Modi : Government will fastrack approvals and clearances

Tuesday, Oct 6, 2015,14:44 IST By Metrovaartha A A A

Government has fast-tracked approvals and clearances for industry as well as the infrastructure sector and is committed to creating favourable conditions for business. India is sailing in the right direction but could not be complacent, Prime Minister Narendra Modi said.

On Indo-German business ties, Modi said they remain below full the economic potential and India wants to develop relationship with Germany in various sectors.It is the software of India that will move the hardware of the world, Modi sought to emphasise at the Indo-German Summit 2015: Digitizing Tomorrow Together.
Five B2B (business-to-business) agreements were exchanged in the presence of Modi and Merkel at the event. Merkel said she and Modi are working together for reform of the UN Security Council through the G4 – Brazil, Germany, India, and Japan which support each other’s bids for permanent seats on the UN body.
Merkel said she and Modi would meet again in November at the G-20 summit. She said while India needs high skilled jobs, Germany requires high skilled labour. German engineering and India’s IT expertise are fused here in Bengaluru, said Merkel.
The Prime Minister hosted a special lunch for Merkel with leading Indian CEOs at the summit, organised by National Association of Software and Services Companies (Nasscom) in collaboration with the German Fraunhofer Institute. Earlier, Modi and Merkel visited the facilities of German automotive major Bosch here, as part of the chancellor’s three-day state visit to India, with focus on innovation and skills development.
During the nearly two-hour long visit, the two leaders, accompanied by a high-level German delegation, walked through the Bosch Innovation Center and the vocational training centre, enquiring about the company’s research, engineering, and vocational education activities in India.
Readying the ground force for ‘Make in India’, Ministry of External Affairs Spokesman Vikas Swarup tweeted as the two leaders went through the facility, where they were gifted the lion, the logo of the ‘Make in India’ campaign.
Preparing the next generation of technicians. Making the vision of Skill India a reality, Swarup said in his tweets during the visit of the two leaders, as they were briefed on on Industrie 4.0 to Big Data on solutions developed at Bosch India.