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India a trusted global supply chain partner: Key takeaways from PM Modi's B20 address


Prime Minister Narendra Modi delivered the keynote presentation at the B20 Summit in Delhi on August 27 to mark the end of the three-day G20 business summit gathering in Delhi.


Prime Minister Modi stressed the need for a healthy producer-consumer equilibrium. To avoid new kinds of colonialism, he also advocated for international accountability in the distribution of rare earth metals. In addition, he advocated changing Consumer Rights Day into Consumer Care Day and designating a day each year to prioritize consumers. Finally, to address worries about skills and de-skilling, he called for the creation of a global framework for cryptocurrencies and AI.


The most important points of his speech are as follows:


Sustainable power - Green energy:

The government's emphasis on green energy was underlined, especially in terms of applying the lessons learned from solar power to the new field of green hydrogen.


Festive season and lunar landing:

The successful lunar landing of Chandrayaan-3 on August 23 was cited by Prime Minister Modi as the impetus for the beginning of India's festival season.


Global supply chain role:

Modi stressed India's importance in maintaining a streamlined worldwide supply chain, underlining the country's potential influence on global commerce and logistics.


Celebration mode:

Business leaders were invited to India by Prime Minister Modi at a time of national joy and optimism.


African Union in G20:

The Prime Minister of India has demonstrated his country's dedication to international collaboration by inviting the African Union to join the G20 as a permanent member.


Leadership change at the B20:

At the time of his speech, Prime Minister Modi was also handing over the presidency of the B20 from India to Brazil.


Vaccine production and pandemic impact:

Millions of lives were saved during the COVID-19 pandemic, which Prime Minister Modi attributes in large part to India's increased vaccine output.


India was depicted as the "Face of Industry 4.0," emphasizing the country's pivotal role in creating the future of technology and driving global economic growth.


The Prime Minister stressed the importance of innovation and trade, implying that the future of global prosperity was dependent on its success in the corporate world.


The speech reaffirmed India's dedication to environmentally and economically sustainable growth, establishing it as a driving force in crafting a brighter, greener, and more prosperous future.


The necessity for complete solutions is seen in Prime Minister Modi's advocacy of an integrated strategy to cryptocurrency.



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