Modi invites investors in NY to India |
Indian Prime Minister Narendra Modi invited US industry leaders to invest in India on Wednesday. Addressing the Bloomberg Global Business Forum in New York, Modi said, India is an ideal destination for investors and offers a golden opportunity to partner with. Prime Minister Narendra Modi highlighted how India made rapid progress in the last five years and invited investors. He said, desires of industry leaders matched the government`s dreams, and combined with technology, talent can change the world. Saying Digital India, and start-ups are priorities of the government, PM Modi added that since returning to power, the government has pushed several measures to streamline investment procedures and boost manufacturing. He cited easing of rules like 30 per cent sourcing from India for single brand retailers and legalisation of contract manufacturing to allow 100 per cent investment. The Prime Minister said, in the coming years, the government is going to spend around 1.3 Trillion dollars on modern infrastructure in India and lakhs of crores of rupees are also being spent on social infrastructure. The Prime minister said that four factors make India reliable for investors and makes India unique which are, Democracy, Demography, Demand and Decisiveness.
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