Prime minister Narendra Modi also spoke about robust international trade and investment opportunities
GN Bureau | September 5, 2016
Modi said that G20 should work towards absolutely zero tolerance on black money and corruption. “This will benefit the entire world.”
Addressing world leaders at the G20 Summit at Hangzhou in China, Modi spoke about robust international trade and investment opportunities. The prime minister said that vision of transparent, equitable, non-discriminatory, open, inclusive and rule-based global trading architecture should underpin collective efforts.
He added, “Global trading regime must respond to needs and priorities of developing nations."
The prime minister said knowledge and innovation driven economy requires free mobility and India's priority is to work towards Trade Facilitation Agreement for Services. He said G20 needs to act to stimulate investment flows.
“Transformed and liberalised investment regime has put India among top host nations for FDI,” added Modi.
He mentioned that energy is vital to support development and a balanced mix of nuclear, renewable energy and fossil fuels is the core of our policy.
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