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June 21, 2024
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SCO Summit 2022: ‘We want to transform India into manufacturing hub’, Ukraine war, mutual cooperation… know what other PM Modi says at meeting

PM Modi promoted India’s innovation and start-up models

NEW DELHI: SCO Summit 2022: Prime Minister Narendra Modi on Friday called for improving connectivity and making India a manufacturing hub at the Shanghai Cooperation Organisation (SCO) summit held in Uzbekistan’s Samarkand. PM Modi promoted India’s innovation and start-up models at the summit.

PM Modi said on India’s economy

PM Modi said, “India’s economy is expected to grow at the rate of 7.5% this year. I am happy that our economy is one of the largest economies in the world.” He said, “We are focussing on people-centric development model. We are supporting innovation in every sector. Today there are more than 70,000 start-ups and over 100 unicorns in our country,

“The world is overcoming the COVID-19 pandemic. Several disruptions occurred in the global supply chain because of the COVID and Ukraine crisis. We want to transform India into a manufacturing hub,” PM Modi added.

PM Modi, Russian President Vladimir Putin, Chinese President Xi Jinping and other leaders of the SCO on Friday deliberated on the regional security situation and ways to enhance trade and connectivity at the annual summit of the grouping.

PM Modi said he is glad that India is one of the fastest growing economies among the largest economies of the world. The prime minister also said that India will take an initiative for a new SCO working group on traditional medicines.

Will share experience with SCO countries on startups

PM Modi said, “We are ready to share our experience with the SCO member countries by setting up a special working group on startups and innovation.” He also said that SCO member countries contribute about 30 percent of the global count and 40 percent of the world’s population also resides in SCO countries. PM Modi said, “India supports greater cooperation and mutual trust among SCO members.”

The Prime Minister also raised the issue of “transit rights” of food supplies between the neighbouring nations highlighting that it took many months for India to send supplies to Afghanistan via Pakistan.

The SCO Summit usually has 2 sessions – a restricted session, only for the SCO member states, and then an extended session which includes participation by observers and special invitees.

Earlier, Uzbekistan’s President Shavkat Mirziyoyev welcomed PM Modi to the Congress Centre in Samarkand for the 22nd SCO Summit. India has been working closely with Uzbekistan towards the success of their Chairship.

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