This story is from February 13, 2016

PM offers deregulation lure to Make in India

India has been the fastest-growing large economy in the world and is set to close the fiscal year with a well over 7% growth in the gross domestic product, PM Narendra Modi said on Saturday, at the launch of Make in India Week here.
PM offers deregulation lure to Make in India
India has been the fastest-growing large economy in the world and is set to close the fiscal year with a well over 7% growth in the gross domestic product, PM Narendra Modi said on Saturday, at the launch of Make in India Week here.
MUMBAI: India has been the fastest-growing large economy in the world and is set to close the fiscal year with a well over 7% growth in the gross domestic product, PM Narendra Modi said on Saturday, at the launch of Make in India Week here.
Stressing on the government's commitment to cut red tape and smooth bottlenecks for business, he said, "India is blessed with three Ds: Democracy, Demography and Demand.

To this we have added another D - deregulation." Make in India Week, which will run till February 18, aims to showcase the country as an international manufacturing destination. CM Devendra Fadnavis said his government had signed MoUs with three companies on the first day of the event.

(PM Narendra Modi with Mukesh Ambani, chairman and managing director, Reliance Industries Limited)
The 'Make in India' week in Mumbai is said to be the biggest business expo hosted by the country, with 68 countries expected to participate. Modi said his government wanted to turn India into a global manufacturing hub.
2016 will witness the highest ever coal production in the country. And 2015 saw the highest ever electricity generation and the largest production of motor vehicles in India, Modi added. "My friendly advice to industrialists. Don't wait. Don't relax. There are immense opportunities in India," he said.
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