“This Is the Right Time to Invest in India”: VP Radhakrishnan

GG News Bureau
New Delhi, 14th Nov: Vice-President of India C. P. Radhakrishnan on Friday declared that “this is the right time to invest in India” as he inaugurated the 30th Confederation of Indian Industry (CII) Partnership Summit in Visakhapatnam. Addressing a gathering of more than 2,500 delegates, including global business leaders, policymakers and industry captains, he said India is witnessing accelerated economic and industrial momentum under Prime Minister Narendra Modi’s leadership.

The Vice-President described the upliftment of crores of Indians from poverty as the greatest milestone of the Modi government. He said this achievement was made possible through sustained economic activity that continued to create new opportunities for millions and strengthen grassroots growth. He emphasised that India’s rise as the world’s fastest-growing major economy is backed by structural reforms that have improved productivity, competitiveness and investor confidence.

Shri Radhakrishnan praised the Government of Andhra Pradesh, led by Chief Minister N. Chandrababu Naidu, for building one of India’s most conducive business environments. He credited the state’s push for innovation, world-class infrastructure and investor-friendly governance for positioning Andhra Pradesh as a national model for industrial growth. He expressed confidence that Visakhapatnam is now poised to become an “investment paradise,” with the potential to lead the country in quantum technology, green hydrogen and next-generation industries.

The Vice-President highlighted that India is now the world’s fourth-largest economy and the third-largest startup ecosystem. He said the country is emerging as a global hub for clean technology exports, driven by its strong commitment to sustainability and innovation. According to him, reforms across labour laws, taxation, infrastructure development and digital governance — including initiatives such as Digital India — have strengthened the ease of doing business and created a seamless environment for global investors.

Reaffirming India’s commitment to equal and inclusive international partnerships, Shri Radhakrishnan said India treats all countries alike, irrespective of their size or global standing. He also expressed optimism about Andhra Pradesh’s ambition of becoming a trillion-dollar economy and said that the CII Summit would play a crucial role in advancing technology, trust and trade, which he described as the pillars of future economic growth.

The inaugural session was attended by Andhra Pradesh Governor S. Abdul Nazeer, Chief Minister N. Chandrababu Naidu, Union Commerce Minister Piyush Goyal, Union Civil Aviation Minister Kinjarapu Rammohan Naidu, Minister of State for Steel and Heavy Industries Bhupathiraju Srinivasa Varma, and Minister of State for Rural Development and Communications Dr. Chandra Sekhar Pemmasani.

The two-day summit, organised in partnership with the Department for Promotion of Industry and Internal Trade (DPIIT) and the Andhra Pradesh government, features 45 sessions and 72 international speakers. More than 300 overseas delegates from 45 countries have joined the event, which focuses on the theme “Technology, Trust and Trade: Navigating the New Geoeconomic Order.”