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New India's mantra is "Reform, Perform and Transform, Says Vice President

Capital Market 

India's Vice President, M Venkaiah Naidu called upon the Indian community in Lithuania to serve as a bridge in strengthening economic and cultural relations between the two countries. Addressing the Indian community at Vilnius, the capital of Lithuania on the second day of his three nation tour to the Baltic region, he said the bilateral trade between the countries was below potential and added that Lithuania could be an important technology partner for India, especially in areas such as lasers, renewable energy, agro-food processing and life sciences.

Observing that India has become one of the fastest growing large economies in the world, he said the business sentiment following the numerous initiatives implemented by the Government of India was positive and upbeat. The New India's mantra is Reform, Perform and Transform, he added. Naidu also stressed that India was one of the most open economies of the world and is placed now at 77th rank among 190 countries in the World Bank's Ease of Doing Business Index.

The Vice President said that the Make in India campaign was establishing India as the hub of manufacturing and investment. He said that Smart Cities, Digital India and Skill India Missions were not only transforming our nation but also providing immense opportunities to collaborate and work together. Our youth are driving the digital revolution, powering the start-up ecosystem and pioneering artificial intelligence. The Start-up India flagship initiative is intended to build a strong Eco-system for nurturing innovation and entrepreneurship in the country, he added.

Mr. Naidu said that India was making rapid strides in the development journey and has an ambitious plan to build next-generation infrastructure including 100 Smart Cities, 10 green-field airports, 7 high-speed train corridors, 5 major ports, highways and nation-wide broadband connectivity linking our villages and urban areas. The Vice President praised the Indian diaspora for acting as a bridge to integrate the cultures of India and Lithuania. He told them to be conscious of the rich culture of their motherland and strive to spread India's message of peace and goodwill, symbolized by the universal and timeless philosophy of Vasudaiva Kutumbam. Appreciating the keen interest showed by Lithuania in Indian culture, philosophy, arts and spirituality, the Vice President described the members of the diaspora as India's cultural ambassadors.

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First Published: Tue, August 20 2019. 09:23 IST