PM Modi invites businesses to India, says he will be a bridge to any gap
New Delhi : Prime Minister Narendra Modi on Wednesday lauded India's growth in last five years, inviting business leaders to invest in India. He portrayed India as an ideal destination for their future investments.
"Your desires, and our dreams, match. Your technology and our talent can change the world. Your scale and our skill can speed up global economic growth... If there is any gap, I will act as a bridge," he said in his address to the Bloomberg Global Business Forum.
As per current situation, foreign direct investment is the only hope for India to quickly revive the sluggish economy. It is also vital on PM Modi's promise of making India 5 trillion dollar economy in coming five years.
After taking charge of the government for the second time, the authorities have announced several measures to boost foreign investments, including reduction in corporate taxes. Finance minister Nirmala Sitharaman said it would "attract fresh investment in manufacturing and boost Make In India".
India, PM Modi said, is rising in global FDI rankings "at a time when FDI is falling all over the world".
"Our democracy, judiciary ensures safety of investment. Our demography makes India one of the best engineering, R&D bases," he said. There is demand on many fronts - including infrastructure and defence -- and the government, he said, has stressed on building seamless, inclusive and transparent systems.