Prime Minister Narendra Modi told the companies in the United States that if they want to invest in a market with scale, they should come to India. He was addressing at Global Business Forum in New York. “If you want to invest in a market where the latest trends and features are appreciated, come to India. If you want to invest in start-ups with a huge market, come to India,” he said.
Outlining India’s stature as the world’s largest infrastructure ecosystem, PM Modi also invited the global business community to invest in urbanisation in the country. “If you want to invest in one of the world’s largest infrastructure ecosystem, come to India. We are rapidly modernising our cities, and equipping them with the latest technology and citizen-friendly infrastructure. Thus if you want to invest in urbanisation, come to India,” he added.
He also told the business leaders that if they want to make in India, both for India and the world, they should “come to India”. “We have opened our defence sector like never before. If you want to Make in India, for India and for the world, come to India,” the Prime Minister stated.
There is a government in India which respects the business world and values wealth creation, he said, adding the government has been taking big and hard decisions to improve the business environment. “Let me tell you, the new government is only three-four month old. I want to assure that this is only the beginning. Still, there is a long way to go. In this journey, we want to partner with the global business community. This is a golden opportunity for you,” Modi said.
India is aiming to become a USD 5 trillion economy by 2024-25. The Prime Minister said USD 1 trillion has been added to the economy in 5 years and the target is to make the country a USD 5 trillion economy.