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Developing
nations can lead global growth: Nirmala Sitharaman
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Developing nations like India, can
lead the world towards sustainable economic growth by providing
cost-effective solutions to problems in various key sectors, Commerce and
Industry Minister Nirmala Sitharaman said.
The Minister said that be it
engineering, agriculture, science, technology, healthcare and education,
"it is the developing countries today which have cost-effective
solutions for most of the industrialised advanced societies".
Addressing a session on 'Achieving
sustained economic and trade growth: can developing countries lead?',
Sitharaman stressed that nations like India have a strong presence in
important sectors which are needed to strengthen global economy.
"The globe realises today
that engines of the world's GDP have to move faster, it has to move faster on
the back of the developing countries," she added.
In areas like automobiles and
pharmaceuticals, India is playing a leading role, she added.
Sharing similar views, Bangladesh
Commerce Minister Tofail Ahmed said that the 21st century belongs to Asia.
Speaking at the session, UAE
Minister of Economy Sultan Bin Saeed Al Mansoori said India needs to further
open its economy as it has huge potential to attract investments.
"We are very much looking
forward to cooperate with India in areas like innovation," Mansoori
said.
Nepalese Commerce Minister Romi
Gauchan Thakali said that India has the potential to lead Asia.
He said hydro power is the main
segment where it can enhance collaboration with India.
The Minister also sought
investments from India in hydro power and services sector.
First Vice Prime Minister of
Ukraine Stepan Kubiv too underlined the need for enhancing cooperation
between the two countries to increase trade and investment.
Deputy Minister of Industry and
Commerce, Zimbabwe, C I Mabuwa said that a huge potential exists between the
counties to increase trade and investment.
Source: moneycontrol News; 28 Jan 2017
Jan 28, 2017, 01.37 PM
Read more at: http://www.moneycontrol.com/news/economy/developing-nations-can-lead-global-growth-nirmala-sitharaman_8360721.html?utm_source=ref_article
Link: http://www.moneycontrol.com/news/economy/developing-nations-can-lead-global-growth-nirmala-sitharaman_8360721.html
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Developing nations can
lead global growth: Nirmala Sitharaman
The Minister said that be it engineering, agriculture, science,
technology, healthcare and education, "it is the developing countries
today which have cost-effective solutions for most of the industrialised
advanced societies".
Read more at: http://www.moneycontrol.com/news/economy/developing-nations-can-lead-global-growth-nirmala-sitharaman_8360721.html?utm_source=ref_article
Read more at: http://www.moneycontrol.com/news/economy/developing-nations-can-lead-global-growth-nirmala-sitharaman_8360721.html?utm_source=ref_article
Developing nations can
lead global growth: Nirmala Sitharaman
The Minister said that be it engineering, agriculture, science,
technology, healthcare and education, "it is the developing countries
today which have cost-effective solutions for most of the industrialised
advanced societies".
Read more at: http://www.moneycontrol.com/news/economy/developing-nations-can-lead-global-growth-nirmala-sitharaman_8360721.html?utm_source=ref_article
Read more at: http://www.moneycontrol.com/news/economy/developing-nations-can-lead-global-growth-nirmala-sitharaman_8360721.html?utm_source=ref_article
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