Prime Minister Narendra Modi on Thursday said that his government will continue to take tough decisions in national interest and also expressed his hope to double the Indian economy to $5 trillion in the next five to seven years.
“A country progresses through strong organisational and institutional capacities, which are the result of years of effort,” he said at the foundation stone laying for India International Convention and Expo Centre (IICC) in Dwarka.
Citing to very recent merger of public sector banks, he said it was important to take such decisions at the right time and implement the plan without any delay.
Referring to Make in India initiative, PM Modi said India has become a mobile phone manufacturing hub which has provided about 4-5 lakh employment opportunities in the last four years and also helped the country to save Rs.3 lakh crore foreign exchange.
Tourism sector has recorded healthy growth as well and has provided several job opportunities for youth, he added.
Modi government is also working to develop conference tourism hub with a sitting capacity of over 10,000 people. He said this would reflect India’s economic progress and rich cultural heritage.
PM Modi also mentioned that the government is planning to give importance to world-class infrastructure and ease of doing business. The project is planned over an estimated area of 221.37 acres at Sector 25, Dwarka costing around Rs.25,703 crore.