India is the best destination, says PM in Singapore

Singapore: Prime Minister Narendra Modi said that India is the best destination for the fintech companies and startups.

Addressing the gathering at the Singapore Fintech Festival here, Modi said, "This has turned India into a leading fintech and startup nation in the world. The future of fintech and Industry 4.0 is emerging in India. I say this to all the fintech companies and startups India is your best destination."

He added, "Technology today is creating immense opportunities to transform millions of lives. there is an explosion of fintech innovation and enterprise in India and the nation is "your best destination".

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PM Modi is the first to deliver the keynote address at the world's largest financial technology festival.

What else PM Modi said:

-Financial inclusion has become a reality for nearly 1.3 billion Indians. Technology today is helping them define competitiveness and power in the new world.

-My government came to office in 2014 with a mission of inclusive development.

-Today, we have generated more than 1.2 billion biometric identities in Aadhaar in just a few years. Less than 50 per cent of Indians had bank accounts in 2014. Today, it is nearly universal

-We are in an age of a historic transition brought about by technology.

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It is to be mentioned that PM Modi is on a two-day visit to Singapore to attend the East Asia Summit, ASEAN-India informal meet and the Regional Comprehensive Economic Partnership (RCEP) Summit.