In a powerful address to business leaders at the India-Canada CEO Forum, Prime Minister Narendra Modi detailed how his administration is revolutionizing the business climate through sweeping reforms spanning taxes to insolvency.
‘India stands tall among the world’s quickest-expanding economies, thanks to resilient domestic markets, a youthful workforce, hefty capital inflows, and digital revolution,’ PM Modi declared. This, he said, is the fruit of sustained reform initiatives.
Key measures include policy deregulation, Production-Linked Incentive programs, logistics enhancements, tax system upgrades, and insolvency code overhauls—all designed to make India the ultimate destination for business.
Turning to the audience of top executives, the PM stressed that governments set the stage, but entrepreneurs deliver the performance. India and Canada’s joint economic might surpasses $6 trillion, united by aligned aspirations.
The forum witnessed a breakthrough in energy diplomacy: a $2.6 billion uranium contract that guarantees fuel for India’s civil nuclear ambitions, cementing a historic economic bond.
This deal extends to joint ventures in cutting-edge nuclear tech, including Small Modular Reactors and next-gen reactors, reinforcing commitments to green energy.
Additionally, both nations pledged to fast-track the Comprehensive Economic Partnership Agreement (CEPA), heralding deeper integration. PM Modi’s remarks paint a picture of an India on the rise, inviting global partners to join the prosperity bandwagon.