At the SCO summit held in Samarkand, Uzbekistan, PM Narendra Modi praised India's innovative and start-up business concepts. We aim to make India a manufacturing center, Modi asserted.
Digital Desk: At the Shanghai Cooperation Organization (SCO) conference in Uzbekistan's Samarkand on Friday, Prime Minister Narendra Modi advocated for improved connectivity and making India a manufacturing centre. At the conference, Prime Minister Modi emphasised India's innovation and start-up concepts.
"The globe is recovering from the COVID-19 pandemic. The COVID and Ukraine crises caused several disruptions in the global supply chain. We want to turn India into a manufacturing powerhouse "Prime Minister Modi stated.
PM Modi, Russian President Vladimir Putin, Chinese President Xi Jinping, and other SCO leaders met on Friday to discuss regional security and ways to improve commerce and connectivity at the grouping's annual meeting.
"We are concentrating on a people-centred development paradigm. We encourage innovation in all sectors. In our country today, there are over 70,000 start-ups and over 100 unicorns "Prime Minister Modi stated.
PM Modi stated that he is pleased that India is one of the world's fastest-growing economies. The prime minister also stated that India will propose a new SCO working group on traditional medicines.
"India promotes SCO countries' mutual trust and collaboration. SCO should work to establish a resilient supply chain in our region "cited PM Modi as saying.
Better connectivity and granting each other transit rights will be critical for a resilient supply chain, he noted.
"This year, India's GDP is predicted to grow at a 7.5% annual rate. I'm delighted that ours is one of the fastest expanding economies among the world's major "He stated.
According to Ministry of External Affairs (MEA) spokeswoman Arindam Bagchi, PM Modi was welcomed by Uzbekistan PM Abdulla Aripov, Ministers, the Governor of the Samarkand area, and top officials. Fireworks were set off to greet leaders from several countries who had arrived for the SCO summit.
The SCO summit in Samarkand will have two sessions: one restricted session for SCO member states exclusively, and another extended session in which observers and special invitees from the chair country are expected to participate.
The key eight-nation grouping's summit is taking place against the backdrop of escalating geopolitical unrest, which has been partly brought on by the Russian invasion of Ukraine and China's assertive military behaviour in the Taiwan Strait.
Leaders of the permanent members of the grouping posed for a portrait in front of the discussions at the summit's restricted format at Samarkand's Congress Center.
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