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PM Modi invites global CEOs to invest in India, assures support

PM Modi invites global CEOs to invest in India, assures support

Prime Minister Narendra Modi has invited US industry leaders to invest in India. Addressing the Bloomberg Global Business Forum in New York yesterday, Mr 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 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, Mr 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 that four factors make India reliable for investors and makes India unique. These are, Democracy, Demography, Demand and Decisiveness. After the address, the Prime Minister in a one on one conversation with Michael Bloomberg said, for good governance, social media’s role is very important. Prime minister Modi later interacted with over 42 business leaders and American CEOs.

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