PM Narendra Modi invites Top-Notch US companies to invest in India
INDIA: Prime Minister Narendra Modi on Wednesday invited US companies to invest in Indian healthcare, infrastructure, defence, energy, farm and insurance sectors, informing the country offers openness, opportunities and options for investments.
While addressing the US-India Business Council, PM said that “Today, there is global optimism towards India. This is because India offers a perfect combination of openness, opportunities and options. Let me elaborate. India celebrates openness in people and in governance”.
The coronavirus pandemic has highlighted the importance of economic stability which will be attained by stronger domestic economic capacities, he added.
“This means improved domestic capacity for manufacturing, restoring the health of the financial system and diversification of international trade,” he further stated..
“India is emerging as a land of opportunities. Let me give you one example of the tech sector. Recently, an interesting report came out in India. It said for the first time ever, there are more rural internet users than even urban internet users,” he said.
PM Modi also indicated that the open markets will bring more opportunities on the platter and in the span of six years the government made many efforts to make the Indian economy more open and reform oriented.
The increased competitiveness, transparency, digitisation, innovation and policy stability in Indian economy took place, the Prime Minister said.