English Translation of Prime Minister’s Press Statement during the Joint Press Statement with the Prime Minister of Belgium
In his press statement during Belgian PM Bart De Wever's visit, PM Modi highlighted deepening India-Belgium cooperation in defence (including the Zorawar tank), a major green ammonia project in Kakinada, India's 7.8% GDP growth, and steps including an Investment Fast-Track Mechanism and a goal to double bilateral trade in five years.
Why It Matters
Relevant for UPSC and state-PSC candidates studying India's foreign policy statements, bilateral economic initiatives, and government messaging on economic growth and strategic partnerships.
In Simple Words
In his press statement alongside Belgian PM Bart De Wever, PM Modi highlighted that India recorded 7.8% growth in the last quarter despite global uncertainty, and referenced the concluded India-EU Free Trade Agreement as a milestone for economic ties.
He announced an Investment Fast-Track Mechanism for Belgian companies, a regular India-Belgium Business Forum, and a goal to double bilateral trade within five years. He also referenced cooperation on the Zorawar tank, a green ammonia project in Kakinada (Andhra Pradesh), and a forthcoming Migration and Mobility Partnership Agreement.
Key Points
- PM Modi delivered the statement during Belgian PM Bart De Wever's visit to India
- India recorded 7.8% economic growth in the last quarter
- India-Belgium cooperation includes the Zorawar tank, an advanced defence equipment project
- A green ammonia project is being developed in Kakinada, Andhra Pradesh — among the world's largest
- An Investment Fast-Track Mechanism was established for Belgian companies in India
- Goal set to double bilateral trade within the next five years
- A Migration and Mobility Partnership Agreement will soon be concluded
Exam Angle
A. 7.8%.
Source: Press Information Bureau