• About us
  • Contact us
  • Our team
  • Terms of Service
Tuesday, June 9, 2026
Kashmir Images - Latest News Update
Epaper
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER
No Result
View All Result
Kashmir Images - Latest News Update
No Result
View All Result
Home BUSINESS

‘Make in India’ initiative can add to engines of global growth: PM Modi at SCO Summit

Press Trust of india by Press Trust of india
July 5, 2024
in BUSINESS
A A
0
Transparent system, honest efforts, people’s participation led to poverty decline: PM Modi
FacebookTwitterWhatsapp

Astana: Prime Minister Narendra Modi on Thursday said the ‘Make in India’ initiative can add to engines of global growth and help democratise the global economy, and highlighted the importance of creating multiple, reliable and resilient supply chains.

External Affairs Minister S Jaishankar, who is in Astana to attend the SCO Summit, delivered Modi’s remarks at the extended format meeting of the Shanghai Cooperation Organisation (SCO) Council of Heads of State here in the Kazakh capital.

More News

Govt cuts subsidised LPG cylinders to Ujjwala beneficiaries to 4

Eight workers killed in Vizag Steel Plant as molten iron spills

LPG Price Hike: Govt says rates in India among world’s lowest despite 46% jump in global benchmark

Load More

Modi said that India has contributed significantly to enhancing the economic agenda of the SCO grouping with institutionalised mechanisms such as the SCO Startup Forum and Special Working Group on Startup and Innovation.

With 130,000 startups in India, including 100 unicorns, our experience can be useful to others, a Ministry of External Affairs statement cited the prime minister as saying in his remarks.

“When it comes to geo-economics, the need of the day is to create multiple, reliable and resilient supply chains. This is an important takeaway from the Covid experience. ‘Make in India’ can add to engines of global growth and help democratise the global economy. India is open to partnering with others in capacity building, especially nations of the Global South,” the statement said.

The prime minister said technology not only held great promise in his times but was increasingly a game changer in both development and security. “The digital era needs more trust and transparency. AI and Cyber security raise crucial issues of their own,” he said.

“When it comes to medical and wellness tourism, you may be aware that World Health Organisation has set up a Global Centre for Traditional Medicine in Gujarat. In SCO, India has taken the initiative for a new SCO Working Group on Traditional Medicine,” the prime minister said.

“Enhancing education, training, and capacity-building are key pillars of India’s international cooperation. We are committed to further building on them, be it with the C5 partners, or those of ‘Neighbourhood First’ or the extended neighbourhood.”

“India has shown that digital public infrastructure and digital financial inclusion can make such a huge difference. Both were discussed during our SCO Presidency. They also expand the scope for international cooperation, involving SCO members and partners,” he said.

“While standing resolute on challenges, it is equally important to actively and collaboratively explore avenues of progress. The current global debate is focused on creating the new connectivity linkages that would better serve a rebalanced world,” he said.

“If this is to gather serious momentum, it requires the joint efforts of many. It must also be respectful of the sovereignty and territorial integrity of states and be built on the foundation of non-discriminatory trade and transit rights to neighbours,” he said, in a veiled jibe at China, whose President Xi Jinping was present at the summit.

China has invested billions in various power projects and road networks in Pakistan under the USD 65 billion China-Pakistan Economic Corridor (CPEC) project.

The CPEC is opposed by India as it is being laid through Pakistan-occupied Kashmir (PoK).

For the SCO extended family, “we flag the progress made on Chabahar port recently through a long-term agreement between India and Iran. This not only holds great value to landlocked Central Asian states but also de-risks commerce between India and Eurasia,” Modi said.

India and Iran in May signed a 10-year contract for the operation of a terminal at the strategically important Chabahar port in Iran, a move that will boost regional connectivity as well as trade ties.

This is the first time India will take over the management of an overseas port that will also have a multiplier effect on trade among India, Iran and Afghanistan as efforts continue to directly tap the potential in Central Asia, bypassing neighbouring Pakistan.

Talking about Afghanistan, Modi said India and its people have a historical relationship with Afghanistan that is the bedrock of the ties between the two countries. “Our cooperation covers development projects, humanitarian assistance, capacity building and sports. India remains sensitive to the needs and aspirations of the Afghan people,” Modi said.

The prime minister also touched upon granting English the status of a third official language, which he said was crucial as more countries sought association with SCO as Observers or Dialogue Partners.

“We must strive to communicate better and deepen our consensus.”

Congratulating the Kazakh side for hosting a successful summit, Modi said India as a ‘Vishwa Bandhu’, or the friend of the world will always strive to deepen cooperation with all its partners.

The prime minister also extended its best wishes to the success of the upcoming Chinese presidency of SCO.

India became a member of SCO in June 2017 at a summit in Kazakhstan.

Previous Post

Centre sacrificed large amount of GST revenue to compensate states: Former CEA Subramanian

Next Post

Traffic comes to standstill as India’s victory parade starts in Mumbai

Press Trust of india

Press Trust of india

Related Posts

Govt cuts subsidised LPG cylinders to Ujjwala beneficiaries to 4

Niti Aayog working on proposal ‘to replace LPG subsidy with cooking subsidy’
June 8, 2026

New Delhi:  The government has reduced the number of subsidised cooking gas cylinders available annually to beneficiaries of its flagship...

Read moreDetails

Eight workers killed in Vizag Steel Plant as molten iron spills

   Two killings/deaths in J&K, people want answers
June 8, 2026

Visakhapatnam: At least eight workers of the Rashtriya Ispat Nigam Ltd (Vizag Steel Plant) were killed and six others injured...

Read moreDetails

LPG Price Hike: Govt says rates in India among world’s lowest despite 46% jump in global benchmark

Niti Aayog working on proposal ‘to replace LPG subsidy with cooking subsidy’
June 7, 2026

New Delhi: Indian households continue to pay among the lowest prices for cooking gas globally despite a sharp rise in...

Read moreDetails

Why aren’t BJP leaders taking to streets with cylinders in protest now: Cong’s dig on LPG price hike

Will ask PAC to call AG, CAG to know when was CAG report on Rafale tabled in Parl: Kharge
June 7, 2026

New Delhi:  The Congress on Sunday launched a scathing attack on the Modi government over domestic LPG price hike, asking...

Read moreDetails

India’s space economy can expand to USD 45 billion over next 7-8 years: Jitendra Singh

June 7, 2026

New Delhi:  India's space economy, currently close to USD 9 billion, is expected to expand to about USD 45 billion...

Read moreDetails

LPG price hiked by Rs 29 per 14.2-kg cylinder

Niti Aayog working on proposal ‘to replace LPG subsidy with cooking subsidy’
June 7, 2026

New Delhi: Domestic cooking gas LPG price has been raised by Rs 29 per cylinder, marking the second increase in...

Read moreDetails
Next Post

Traffic comes to standstill as India’s victory parade starts in Mumbai

  • About us
  • Contact us
  • Our team
  • Terms of Service
E-Mailus: kashmirimages123@gmail.com

© 2025 Kashmir Images - Designed by GITS.

No Result
View All Result
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER

© 2025 Kashmir Images - Designed by GITS.