'Make in India,' Modi Tells Top Chinese CEOs; Deals Worth $22 Billion Signed

May 16, 2015

Shanghai, May 16: Prime Minister Narendra Modi is in Shanghai today, where he met 22 top Chinese CEOs to pitch his "Make in India" agenda to them. 21 business agreements worth 22 billion dollars were signed between Indian and Chinese companies today.

Make in India

"I have come to say to you Make in India," the PM told the Chinese industry leaders, and talked about what he called the "5F Formula - From Farm to Fibre to Fabric to Fashion to Foreign."

India and China, PM Modi said, "can together give something to the world."

The Prime Minister also addressed the India-China Business Forum shortly; 39 Indian business honchos attended.

Foreign ministry spokesperson Vikas Swarup tweeted a photo of the PM in a bandhgala, flanked by the top Chinese CEOs, saying, "Trillions of dollars under 1 roof! PM @narendramodi with Who's Who of Chinese industry at CEO's interaction Shanghai."

Among them was Jack Ma of Chinese e-commerce giant Alibaba, who told PM Modi, "We are excited about India. We are excited about Make in India and Digital India."

Lin Bin, President of phone maker Xiaomi, said, "We have some big plans for India, we fully support Make in India."

Trade is a key focus of PM Modi's three-day visit to China. He flew to Shanghai on Friday evening from Beijing, where he held talks with Chinese Premier Li Keqiang.

The trade imbalance between the two countries has figured high on the agenda in discussions between the two countries. The trade deficit between India and China increased about 34 per cent to $48.43 billion in 2014-15 from $36.21 billion in the previous fiscal, in China's favour.

Top Indian CEOs like Chanda Kochhar of ICICI and Rajan Bharti Mittal of Bharti Enterprises Airtel said that the growing trade deficit is a huge worry.

"The trade deficit has to be managed... The task force needs to work on this because the gap is huge," Mr Mittal said.

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News Network
May 11,2020

New Delhi, May 11: Prime Minister Narendra Modi on Monday chaired a fresh round of consultation with chief ministers on ways to strengthen the COVID-19 containment strategy and stepping up of economic activities in a calibrated manner as the 54-day nationwide lockdown nears an end.

Large-scale movement of migrant workers from urban to rural India and the problems their return to home states may cause in restarting the economy will also be among the focus areas during the fifth virtual interaction between the prime minister and chief ministers since the outbreak of the deadly virus in the country.

There will be an effort to ensure that all participating chief ministers get an opportunity to air their views during the interaction, as some of the CMs had complaint that they were not allowed to put forth their views during the last interaction on April 27.

At a meeting on Sunday with Cabinet Secretary Rajiv Gauba, state chief secretaries told him that "while protection is required from COVID-19, economic activities also need to be stepped up in a calibrated manner", according to an official statement.       

With thousands of migrant workers taking special trains to go back to their home states, the restarting of industrial activities will prove to be a challenge for states though several relaxations have been made in labour laws to increase factory output.    

The meet is also likely to discuss efforts to convert 'red' zones with high COVID-19 case load into 'orange' or 'green' zones.       The prime minister interacted with the chief ministers last on April 27. Days after the meeting, the central government had extended the lockdown by two more weeks till May 17 to arrest the spread of the virus, but gave several relaxations in economic activities and movement of people.

The nationwide lockdown has been in force since March 25 to contain the spread of the virus, which has killed more than 2200 people, and afflicted more than 67,000 in the country.

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News Network
July 3,2020

Kanpur,  Jul 3: A total of eight police personnel including Deputy Superintendent of Police Devendra Mishra have lost their lives after they were fired upon by criminals in the early hours of Friday.

The incident took place when a police team had gone to raid history-sheeter Vikas Dubey's house.

Senior Superintendent of Police and Inspector General of Police have reached the spot and forensics team is examining the area.

State Chief Minister Yogi Adityanath has expressed his condolence to the families of the eight Police personnel who lost their lives after being fired upon by criminals in Kanpur. He has directed Director General of Police HC Awasthi to take strict action against criminals. He also sought a report of the incident. 

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News Network
April 1,2020

Amaravati, Apr 1: All the 43 patients who were tested positive for COVID-19 in Andhra Pradesh on Wednesday have returned after attending the event at Delhi's Nizamuddin Markaz, said Chief Minister's Office, Andhra Pradesh.

With 43 new COVID-19 positive cases, the total number of coronavirus cases in Andhra Pradesh has reached 87, informed the state Nodal Office earlier today.

The 43 new coronavirus positive cases were reported between March 31, 9 pm and April 1, 9 am. A total of 373 samples were tested during this time period and of these samples, 330 were negative and 43 came out to be positive.

There has been an increase of 240 COVID-19 cases in the last 12 hours across the country.
According to the Ministry of Health and Family Welfare, the total number of COVID-19 positive cases have reached 1637 in India, including 1466 active cases, 133 cured/discharged/migrated people and 38 deaths.

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