National Security Advisor Ajit Doval has said that India’s internal security situation has considerably improved even though the global scenario would continue to pose challenge in the coming years.
While delivering Swami Vivekananda Memorial Lecture at ASSOCHAM, he said, a stable security environment has given a solid foundation for ushering faster development and unleashing India’s true potential. New industrial hubs are emerging across the country; the State governments are competing with each other to attract investment and provide new incentives.
Doval asked the private sector to contribute towards the development of the border areas like J&K, Ladakh and the North-East. The private sector must reorient its approach focusing not only on tourism but manufacturing, information technology and setting up trans-shipment hubs.
He told the business leaders that the Act East Policy to connect with the ASEAN countries provides them an opportunity to engage with the larger Indo-Pacific region that is emerging fastest growing economic region. Besides the geographic proximity, India had advantage of historical and civilisational, and diplomatic and political links with these countries.
On the geopolitical environment, Doval said, it was turning to India’s advantage. India's growing multi-sector cooperation with the Middle East would provide great opportunities in the fields of infrastructure, investment, trade, tourism and joint ventures in a third country.
India gets the highest foreign remittances from the Middle East; it’s home for the some seven million Indian expatriates. He advised that India’s business with the region must be based on transparency and fair practices.”India needs to be branded as a country of ethical business practices,” he said.