Prime Minister Narendra Modi announced significant strides in India’s port infrastructure during his address at the Vibrant Gujarat Global Summit 2024. Revealing that agreements worth billions of dollars were inked with UAE companies, PM Modi highlighted the transformative impact these investments would have on India’s maritime landscape, fostering economic growth and global trade connectivity.
“Investments worth billions in India’s port infrastructure have been secured through agreements with UAE companies,” stated PM Modi. These developments signify a major leap in India’s maritime capabilities and its standing in global trade.
Acknowledging the challenging global circumstances, PM Modi underscored India’s economic resilience and growth momentum. He attributed this success to a decade of focused structural reforms, enhancing the country’s economic capacity, capability, and competitiveness.
“Despite global challenges, India’s economy displays resistance and momentum, thanks to a decade of structural reforms. Today, India is the fifth-largest global economy, a significant climb from the 11th position a decade ago,” asserted PM Modi. He expressed confidence in India’s trajectory, predicting its ascent among the top three global economies in the coming years.
The Prime Minister’s optimistic outlook resonated with attendees, emphasizing India’s role as a trusted partner for global development. He outlined India’s multifaceted significance, ranging from stability and trustworthiness to technological prowess, youth talent, and democratic governance.
As the Vibrant Gujarat Global Summit continues, PM Modi’s announcements signify a commitment to structural reforms and substantial investments, aligning with the government’s strategy to drive economic growth and fortify India’s standing in the evolving global economic landscape.
