Prime Minister Narendra Modi has addressed the Bloomberg New Economic Forum at 6:30 pm on Tuesday. The Prime Minister’s Office (PMO) stated that the forum was witness discussions on the future direction of refueling the global economy and responding to the COVID-19 pandemic.
It added that the Bloomberg New Economic Forum was established in 2018 by Michael Bloomberg. It aims to build a community of leaders for real dialogue, so as to provide feasible solutions to the severe challenges facing the world economy during the historic turning point. The first forum was held in Singapore, and the second annual forum was held in Beijing. These cover a range of topics including global economic management, trade and investment, technology, urbanization, capital markets, climate change and inclusiveness.
On November 11, the Federal Cabinet agreed in principle to expand the production-related incentive (PLI) program to 10 areas. This move may make 10 industrial sectors worth 2 billion rupees in the next five years, including automobiles, auto parts, battery manufacturing and white goods.
The automotive industry may receive 57 billion rupees, of which 20 billion rupees of soap will be allocated to the proposed industries, such as battery chemical cells, food, textile products, solar photovoltaic modules, etc.
World Health Organization Director-General Tedros Adnorm Gabrexos, former British Prime Minister Tony Blair, former US President Bill Clinton, Microsoft founder Bill Gates and UN Secretary-General Antonio Guterre Si is some of the other speakers. Speak on the forum.