$ 55 billion FDI in 2 years |
India`s External Affairs Minister Sushma Swaraj defended the Narendra Modi government`s global outreach-driven foreign policy and said there are many benefits of such endeavours. The minister said since the Modi government took charge in May 2014, there had been a substantial FDI inflow; $55 billion or Rs 369,000 crore has come through the FDI route in the last two years. Sushma Swaraj said the foreign outreach had helped India enlist assistance of global players like the US, France, Germany and England in flagship schemes like `Smart Cities`. With Australia alone, India had 13 skill evelopment agreements. There had been cooperation with countries such as Germany and Japan for `Namami Ganga` programme. She said India was confident of winning China’s support for US-backed efforts for its membership in a group of 48 nations controlling access to sensitive nuclear technology. She added that China was not opposing India’s entry into the Nuclear Suppliers Group, but that it has raised objections relating to criteria and processes.
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