Prime Minister Narendra Modi on Wednesday invited firms of the United States to invest in India where there are ‘extensive options’ for them.
While speaking at the virtual ‘India Ideas Summit’ being hosted by the US-India Business Council, Modi emphasized India’s contribution towards a prosperous and resilient world through the clarion call of an ‘Atmanirbhar Bharat’.
He also said that the pandemic has showed the importance of resilience of the global economy against external shocks, which can be achieved by stronger domestic economic capacities
Listing out various opportunities in technology, healthcare, agriculture, energy, infrastructure, civil aviation, defense, space, finance and insurance, Modi said that India is waiting to strengthen their trade ties with the US.
“India is contributing towards a prosperous and resilient world through the clarion call of an ‘Atmanirbhar Bharat’. And, for that, we await your partnership!” Modi said.
“Today, there is global optimism towards India. This is because India offers a perfect combination of openness, opportunities and options,” he added.
He also said that when the markets are open and there are high opportunities of gaining good returns from investment in India, the US investors should proceed in investing in the country during this period.
“When the markets are open, when the opportunity is high and the options are many, can optimism be far behind! You can see the optimism when India rises in key business ratings. Particularly the Ease of Doing Business ratings of the World Bank,” Modi said.
“The rise of India means a rise in trade opportunities with a nation that you can trust, a rise in global integration with increasing openness, a rise in your competitiveness with access to a market which offers scale. And a rise your returns on investment with the availability of skilled human resources,” he added.
“American investors often lookout for the perfect timing to enter a sector or a country. To them, I would like to say: there has never been a better time to invest in India,” he added.