Modi addresses Saudi business leaders

Prime Minister Narendra Modi who was on a three-nation tour had landed in Saudi Arabia on Saturday. On Sunday, Mr. Modi had earlier met the Saudi women IT professionals at the first-of-its-kind all-women TCS training centre.

Live updates from his address at the Chamber of Commerce

1.40 p.m.: Mr. Modi concluded his speech by saying "India and Saudi Arabia are old friends, but we are ready to take bold new steps into a golden future."

1.38 p.m.: India and Saudi Arabia should look at working together for building a dynamic global management sector for the cyber world, says Modi

1.35 p.m.: From Petroleum to renewable energy, infrastructure, defence and agriculture, there is a tremendous opportunity for expanding our cooperation, said Mr. Modi

1.31 p.m.: Mr. Modi said "My Govt is also working towards Banking Sector reform and making sure all our states are on board."

1.30 p.m.: Modi speaks about policy changes in India: My Govt will continue to work towards establishment of a predictable long term taxation regime

1.27 p.m.: Let us move beyond merely the export-import relationship. Joint investment, tech transfers are areas that we shud explore, says Modi

1.26 p.m.: Indian nurses, present in large numbers in the Gulf, are a testament to our well trained man power, said Modi.

1.25 p.m.: Modi on Healthcare: In a sector driven by technology changes, India's low cost technology devices have gained global renown. India's health sector which is globally extremely cost competitive can emerge as a bright spot in health tourism

1.23 p.m.: GST will happen. Retrospective tax is a matter of the past: Modi

1.21 p.m.: India has three benefits, skilled youth,demand and democracy, says Modi at Saudi Chambers of Commerce in Riyadh. Although it has been less than two years since I came to power, we have taken several policy initiatives to spur growth and progress

1.20 p.m.: Mr. Modi said I believe this is a very important meeting. I am only the fourth Indian PM to visit Saudi Arabia. But we have a centuries old relationship.

"Mr. Modi said "FDI has increased in India in last 2 years/

1.18 p.m.: Modi begins speech, says King Salman always tells him that he was taught by an Indian teacher, indicating depth of r ties

1.15 p.m.: We are stressing on infrastructure,technological upgradation,improving quality of life, says Modi

Earlier, Prime Minister Narendra Modi on Sunday interacted with Saudi women IT professionals at the first-of-its-kind all-women TCS training centre in the heart of the city in Riyadh and invited them to come to India.

“For the world it is considered to be a main headline news that in Riyadh today I am meeting those IT professionals who I can say today represent the glory of Saudi Arabia,” Mr. Modi said while interacting with Tata Consultancy Services (TCS) women professionals in Riyadh.

He spent around 40 minutes at the centre and even posed for selfies.

“All of you must come to India, I assure you a very warm reception. The atmosphere I am witnessing here today has the potential to give a strong message to the world,” Mr. Modi said.

At the TCS Centre 1,000 women work in BPO Operations, 85 per cent of whom are Saudi nationals.

“In this very competitive world today, if we are to progress then all forces have to progress together and have to move ahead and in it when I say forces, we are talking not only natural resources but also human resources. And in human resources human power plays a very important role, if the capacity of the woman are built and they are linked with the development process, then development of any country is speeded exponentially,” the Prime Minister said.

“I would also like to heartily congratulate TCS that in India they have set up a training centre which trains young men and women, and those trained men and women, go out in the digital world and empower the entire world,” he said.

Mr. Modi stressed that in the IT profession, India has made its place in the world.

“I invite all of you to come together to India and you will see for yourself the impact you will make on Indians,” he said.

“I have one suggestion, I have seen that in governance and for transparency, technology has a very big role to play and for me e-governance is easy, economic and effective governance. And I myself try my level best to update myself with technology and if you want any information in real time about India, me and the selfies that you took along with me today, and for all information, please download the Narendra Modi app,” Mr. Modi said.

TCS established the first all-women Business Process Services (BPS) centre in Riyadh in 2013.

The centre brings a unique business model to Saudi Arabia and serves as a rich training ground for building new capabilities, skills and careers for women in the country.

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Printable version | Nov 30, 2021 1:19:44 PM |

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