Prime
Minister Narendra Modi on Thursday promoted his government’s newly-implemented
farm and labour reforms, saying they will make doing business in India much
easier along with giving farmers the right to choose their market.

Addressing
the Invest India Conference, the prime minister said India’s vibrant democracy,
political stability and business-friendly policies make for an unparalleled investment
destination for foreign investors, PTI reported.

Also Read: India, Sri Lanka are working to strengthen bilateral financial cooperation, says MEA

The
conference was organised with a special focus on further strengthening business
ties between India and Canada.

“India-Canada bilateral ties are driven by our shared democratic values and many common interests. The trade and investment linkages between us are integral to our multi-faceted relationship,” news agency ANI quoted PM Modi as saying. 

With the
aim of improving participation from the private sector, PM Modi said that his
government has implemented key reforms in education, agriculture and labour
sectors.

“If you are
looking to partner in the field of education, the place to be is India. If you
are looking to invest in manufacturing or services, the place to be is India.
If you are looking to collaborate in the field of agriculture, the place to be
is India,” PM Modi said.

He also underscored
that India’s “story is strong today and stronger tomorrow,” while adding that his government is “proactively monetising assets across sectors – airports, railways,
highways, power transmission lines.”

Also Read: Head of Afghan peace council Abdullah Abdullah meets PM Narendra Modi Modi

He further
stated that the Foreign Direct Investment regime has been very well liberalised
and a friendly tax regime has been created in the country for sovereign wealth
and pension funds.

“India has
adopted a unique approach posed by the COVID-19 pandemic. We have given relief
and stimulus package for the poor and the small businesses. We have also used
this opportunity to undertake structural reforms. These reforms ensure more
productivity and prosperity,” PM Modi said referring to the coronavirus pandemic.

He also
said that India is playing the role of pharmacy to the world, highlighting that
India has provided medicines to around 150 countries in the world.