Immediate Investment Opportunity For One Trillion Dollars Exists in India: PM

Making a strong pitch for investment in India, The Prime Minister, Narendra Modi, said that an immediate potential of one trillion dollars worth of investment existed in the country. He said India now had a decisive government with full majority, and several sectors including insurance, railways, defence manufacturing have been opened up for foreign investment.

Immediate Investment Opportunity For One Trillion Dollars Exists in India: PM
At a roundtable meeting with business leaders at Masdar city, the PM described India as a land of opportunity. He said 125 crore Indians should be looked upon not just as a market, but also a great power. He said major agencies including IMF and World Bank were in agreement that India is now the fastest growing major economy in the world, with immense possibilities of development.

The Prime Minister said that many people were describing the 21st century as Asia's century. He said that if India and UAE work together, they can make this vision of the Asian century a reality. He said UAE would be at the economic focus of the Asian century.

Modi said he would try his best to resolve all outstanding issues in the economic sphere.

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Story first published: Tuesday, August 18, 2015, 9:40 [IST]
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