Doonited“Aviation, Defence, Space”: PM Modi’s Big Investment Pitch To AmericansNews
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“Aviation, Defence, Space”: PM Modi’s Big Investment Pitch To Americans

“Aviation, Defence, Space”: PM Modi’s Big Investment Pitch To Americans
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Prime Minister Narendra Modi today asked US firms to invest in India, pointing to the ways the government is facilitating investors and the promising growth in various sectors including infrastructure, defence and space research. “Today, there is global optimism towards India. This is because India offers a perfect combination of openness, opportunities and options,” he said while delivering the keynote address at the India-Ideas summit.

Outlining the areas where the government seeks investment, he said, “You can see the optimism when India rises in key business ratings, particularly the Ease of Doing Business ratings of the World Bank”.

In October last year, India jumped 14 places to rank 63rd among 190 nations in the World Bank’s Ease of Doing Business ranking. The government has been targetting the 50th spot.

“Every year, we are reaching record highs in Foreign Direct Investment. Each year is significantly higher than the earlier one,” he said, Giving examples, he added that FDI inflow in India in 2019-20 was $74 billion. “This is an increase of 20 percent from the year before that,” he added.

The two-day virtual summit — organised by the US-India Business Council — is expected to bring together officials from the two nations who are setting the post-coronavirus recovery agenda.

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Post source : NDTV

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