India committed to Paris climate deal: minister

"We're going to grow rapidly", Trump said.

Speaking at the St Petersburg International Economic Forum, Putin said he did not want to judge Trump for his decision, but thought Washington could have remained in the 2015 Paris climate pact by amending the scale of existing USA undertakings.

During a visit to Russia Friday Indian Prime Minister Narendra Modi reiterated his country's commitment to reduce emissions.

"Minimum Government, Maximum Governance" and "Red carpet instead of Red tape" have been the basis of governance reforms in India, Prime Minister Modi said.

Addressing CEOs of the two countries after the annual bilateral summit, Modi said India had last month approved a policy to allow local private companies to work with foreign players to manufacture defence equipment in a bid to cut reliance on imports.

"I have in simple way stated the dream of "new India". He said that GST will be implemented and there would be uniform taxation system in India.

He also said that in renewable energy sector an ambitious target of 175 GW of green energy by 2022 has been set in which solar and biomass will play a big role. In this context, he mentioned the BRICS Bank as an example.

"Fifty cities need metros, 500 cities need solid waste management and drinking water".

He said the New India would have youth that are not job seekers but job creators; and can fulfil the global requirements of skilled human resource.

Modi Putin

He spoke of expanding and modernizing the railway network.

He also referred to the Ganga cleaning project and said there was a blueprint ready for investors to come and invest.

He said all these represented great opportunities for investment.

Regarding manufacturing sector, he said, "I see huge opportunities in manufacturing healthcare equipment, defense sector, services sector".

In the services sector, the Prime Minister said the tourism and hospitality sector will receive high priority.

Modi said he was asked a similar question in Germany earlier this week, before the USA decision was made public. "Digital divide can create a lot of problems in any society, so we have started a "Digital India" campaign", PM Modi said.

"As of today the sides have agreed a list of 19 projects aimed at establishing joint ventures for transport infrastructure, new technology, including pharmaceuticals, aircraft and automobile manufacturing, the diamond industry, and agriculture", he said without giving details.

"The sky is the limit in India".

  • Leroy Wright