Indian Economy News

This is right time to join India's growth story, Prime Minister Mr. Narendra Modi tells German biz forum

  • IBEF
  • October 28, 2024

Prime Minister Mr. Narendra Modi invited German businesses to invest in India, stating there is no better place for investment and that now is an ideal time to join the country’s growth trajectory. Speaking at the 18th Asia-Pacific Conference of German Business 2024, he underscored the opportunity for foreign investors to participate in India’s development, aligning with the ‘Make in India’ initiative to ‘make for the world.’ He highlighted the country’s strong foundation, built on democracy, demography, demand, and data, which supports its emergence as a global trade and manufacturing hub.

The prime minister praised Germany’s increased confidence in India’s skilled workforce, noting that the number of visas for Indian professionals will rise from 20,000 to 90,000. He pointed out that India is making record investments in infrastructure, including roads and ports, vital to the country’s expanding economic framework. He further stressed the strategic importance of the Indo-Pacific region for the world’s future, inviting foreign investors to be part of India’s economic journey.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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