India Today Is Land Of Opportunities, Says Modi

“We want to promote co-operative federalism in the country. At the same time, we want a competitive element among the states.

“I call this new form of federalism co-operative and competitive federalism.”

Visibly happy at the presence of global personalities and business leaders at the summit, Mr. Modi said: “This event is perhaps the biggest gathering on earth where a budding entrepreneur has opportunity to see the president of the World Bank.

“And where a young farmer can listen to the views of the UN secretary general on issues like food security.

“Your (world leaders’) presence today has enhanced the enterprising streak of 60 million Gujaratis and has boosted the morale of 1.2 billion Indians,” he added.

Speaking dominantly in English, Mr. Modi said: “We are here as a family, not only in terms of space, but because we recognise that someone’s dream is dependent on someone’s direction.

“The ultimate objective is welfare of all... All of us want planet earth to become a better place to live...”

Mr. Modi refuted criticism that he was just making populist announcements.

“We are not only making commitments and announcements. But, we are backing them up with concrete action at the level of policy and action,” Modi said at the Mahatma Mandir complex here.

Citing examples, Mr. Modi said that opening of 100 million bank accounts in just four months, allowing 100 per cent foreign direct investment (FDI) in railways, allowing 49 percent FDI in defence sector and 49 per cent FDI in insurance sector were some of the steps taken by his government after coming to power May last year.

“Sometimes it appears that Modi is hyping up things. We do this to force us in the government to make faster corrections,” he pointed out.

“Let us join hands! Let us work together for progress, prosperity and peace.”

Also Read:
5 Simple Steps To Get Fortunate In 2015
Har Govt To Observe Vivekananda's Birthday As 'Natl Youth Day'