Prime Minister Narendra Modi has invited global investors assuring them India would turn out to be a strong and reliable market in these unprecedented times. The Prime Minister was addressing 20 prominent institutional investors from across the globe.
In his address, PM Modi underlined that India offers democracy, demography, demand as well as diversity for it to make a sustainable place. “I am conscious of your requirement to provide the funds in your trust the best and safest returns. I would like to emphasise that our approach is of finding long-term and sustainable solutions for issues,” Modi said.
The Prime Minister emphasised on India’s quest to become atmanirbhar and said that it is not just a vision, but a well planned economical move.
“It is a strategy that aims to use the capabilities of our businesses and skills of our workers to make India a global manufacturing powerhouse, a strategy that aims to use our strength in technology to become the global centre for innovations, a strategy that aims to contribute to global development using our immense human resources, and their talents,” he said.
“I am happy that global investor community has been showing confidence in our future. The last five months have seen a 13 per cent rise in FDI inflows compared to last year. Your active participation in this roundtable increases the confidence even more,” PM Modi said.
PM Modi then listed reforms related to income tax, Goods adn Services Tax, Labour laws and more avenues that global investors can benefit from. “India’s growth has the potential to catalyse global economic resurgence. Any development in India will have a multiplier effect on world’s development and welfare,” said PM Modi.
The Virtual Global Investor Roundtable (VGIR) saw participation of chief executive officers and chief investment officers of the 20 top institutional investors from the US, Europe, Canada, Korea, Japan, Middle East, Australia and Singapore.
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