The Indian High Commissioner in Singapore highlights economic progress, infrastructure development and investment opportunities at the World Opportunities Forum Singapore 2024.
Speaking at the World Opportunities Forum Singapore 2024, which was attended by Singapore-based envoys from leading investment-oriented countries as well as investors and entrepreneurs, the Indian High Commissioner stressed that the measures formulated in New Delhi would be implemented across the country, including in rural areas, for women and in the agricultural sector.
Projects such as roads, railways, ports and airports have been completed and others are underway or in planning, the High Commissioner said in his speech to over 150 delegates led by the Ambassador of Mexico and Dean of the Diplomatic and Consular Corps, Agustin Gracia Lopez Loaeza.
The forum was organized by Sun Media Communications, a leading publications and advertising group that works primarily with embassies in the city-state.
There are already economic corridors in the east and west of the country to facilitate trade, and more are being planned as India continues on its path to becoming a developed economy by 2047.
Elaborating on the business opportunities in India, Ambule pointed out that 1,200 aircraft have been ordered by Indian airlines and are scheduled to be delivered in 10 to 15 years. He described the aviation sector as one of the growing sectors of the economy.
He further explained India's strategy to use advanced technologies to support economic growth of 8 to 10 percent, which would make India a developed economy by 2047.
“In fact, we have doubled the number of airports from 74 to 148 in the last ten years,” he said.
“People's income has doubled in ten years, urbanization is taking place,” the Indian envoy said, adding that people are more confident, their expectations are higher and consumer spending is increasing.
Rural women have been empowered and trained to use high-tech drones to conduct soil surveys on farmland, among other tasks, while their bank accounts linked to their mobile phones receive direct subsidies.
According to the Union Budget 2024-25 presented in July, a major focus is on the use of technology in agriculture, he added.
DISCLAIMER – This article has been taken from a syndicated feed. The original source is responsible for accuracy, views and content ownership. The views expressed may not reflect the views of rediff.com India Limited.
“Pop culture scholar. Subtly charming beer specialist. Reader. Student. Devoted music advocate.”