We need to rework India into a producing hub, says PM Modi at SCO Summit

By Online Desk

Prime Minister Narendra Modi on Friday reiterated to make India a producing hub within the wake of the COVID-19 pandemic and the Russia-Ukraine battle which has brought about world supply-chain disruptions.

While addressing the prolonged format of the twenty second Summit of the Council of Heads of the Shanghai Cooperation Organization Member States (SCO-CoHS) in Uzbekistan’s Samarkand, he stated, “There is a lot of focus on the proper use of technology in our people-centric development model. We are making progress in making India a manufacturing hub.”

“Covid-19 and Ukraine situation resulted in hurdles in the global supply chain, resulting in food and energy security crisis. After the Covid-19 pandemic, the world is facing a challenge of economic recovery,” the Prime Minister added.

ALSO READ | PM Modi attends SCO summit, comes face-to-face with Xi for first time since clashes in LAC

Highlighting the nation’s financial stability, he stated India has greater than 70,000 start-ups and over 100 unicorns.

“We are focussing on a people-centric development model. We are supporting innovation in every sector. Today, there are more than 70,000 start-ups and over 100 unicorns in our country,” stated PM Modi.

“India’s economy is expected to grow at 7.5 per cent this year, which will be the highest among the world’s major economies. For resilient supply chain, better connectivity and giving transit rights to each other will be important. SCO should try to create a resilient supply chain in our region,” he stated.

The summit was an annual summit of the Shanghai Cooperation Organisation which was attended by Russian President Vladimir Putin, Chinese President Xi Jinping and leaders of the opposite member states of the influential grouping.

The Prime Minister additionally raised the difficulty of “transit rights” of meals provides between the neighbouring nations highlighting that it took many months for India to ship provides to Afghanistan through Pakistan.

The SCO Summit often has 2 periods – a restricted session, just for the SCO member states, after which an prolonged session which incorporates participation by observers and particular invitees.

Earlier, Uzbekistan’s President Shavkat Mirziyoyev welcomed PM Modi to the Congress Centre in Samarkand for the twenty second SCO Summit. India has been working carefully with Uzbekistan in direction of the success of their Chairship.

(With inputs from companies)

Prime Minister Narendra Modi on Friday reiterated to make India a producing hub within the wake of the COVID-19 pandemic and the Russia-Ukraine battle which has brought about world supply-chain disruptions.

While addressing the prolonged format of the twenty second Summit of the Council of Heads of the Shanghai Cooperation Organization Member States (SCO-CoHS) in Uzbekistan’s Samarkand, he stated, “There is a lot of focus on the proper use of technology in our people-centric development model. We are making progress in making India a manufacturing hub.”

“Covid-19 and Ukraine situation resulted in hurdles in the global supply chain, resulting in food and energy security crisis. After the Covid-19 pandemic, the world is facing a challenge of economic recovery,” the Prime Minister added.

ALSO READ | PM Modi attends SCO summit, comes face-to-face with Xi for first time since clashes in LAC

Highlighting the nation’s financial stability, he stated India has greater than 70,000 start-ups and over 100 unicorns.

“We are focussing on a people-centric development model. We are supporting innovation in every sector. Today, there are more than 70,000 start-ups and over 100 unicorns in our country,” stated PM Modi.

“India’s economy is expected to grow at 7.5 per cent this year, which will be the highest among the world’s major economies. For resilient supply chain, better connectivity and giving transit rights to each other will be important. SCO should try to create a resilient supply chain in our region,” he stated.

The summit was an annual summit of the Shanghai Cooperation Organisation which was attended by Russian President Vladimir Putin, Chinese President Xi Jinping and leaders of the opposite member states of the influential grouping.

The Prime Minister additionally raised the difficulty of “transit rights” of meals provides between the neighbouring nations highlighting that it took many months for India to ship provides to Afghanistan through Pakistan.

The SCO Summit often has 2 periods – a restricted session, just for the SCO member states, after which an prolonged session which incorporates participation by observers and particular invitees.

Earlier, Uzbekistan’s President Shavkat Mirziyoyev welcomed PM Modi to the Congress Centre in Samarkand for the twenty second SCO Summit. India has been working carefully with Uzbekistan in direction of the success of their Chairship.

(With inputs from companies)