Modi woos global investors at ‘Make in India’ week

Thousands of people and mascots of lions swarmed the weekend opening of a “Make in India” drive to attract foreign direct investment, pitched by Prime Minister Narendra Modi as “the biggest brand that India has ever created”.

Claiming that India was perhaps the “most open country” for FDI, Modi said most of the FDI sectors have been put on automatic approval route.

The Prime Minister also spoke about the Make In India initiative being successful due to the government’s decision to deregulate and simplify doing business in India.

Fadnavis said the Make in India initiative had changed the outlook of the country and created an atmosphere of healthy competition between states with competitive federalism replacing cooperative federalism.

Addressing the audience which included the prime ministers of Sweden and Finland, the first deputy prime minister of Poland, dignitaries from other countries and a large number of captains of industry from India and overseas, he pointed out that the government is aggressively towards making India a global manufacturing hub and called for “zero defect and zero effect manufacturing”.

Prime Minister Narendra Modi today presented the maiden Time India Awards at the inaugural ceremony of the Make in India (MII) Week here.

“When we started the Make in India campaign, manufacturing growth in the country was 1.7 per cent. This year it has improved substantially”.

“They reiterated the need for urgent reforms of the UN Security Council through an expansion in both categories of membership, to make it more effective and representative of the contemporary geo-political realities”, it said.

4D Advantage This is the century for Asia and global agencies like IMF, World Bank and OECD have predicted highest growth for Asia he said. We have said we would not resort to retrospective taxation.

“So, despite the significant improvement in the balance of payments, the economy is not moving forward which was the aspiration and for which the government had made promises”, the former prime minister said.

India and Pakistan have fought three wars since independence and partition in 1947, two over Kashmir.

President Obama pledged his support when he visited India a year ago, and this week a delegation of USA officials and businesses is traveling through the country to promote American expertise and products for Modi’s multibillion-dollar plan. Amitabh has a vision of propelling India into the top 30 in the “Ease of Doing Business”.

The government, he said, wants to channelise this positive climate into manufacturing, which will be a major source of employment, especially for the youth. There is no time for incremental changes.

Piramal Group Chairman Ajay Piramal said this “one-of-a-kind” event will showcase India’s talent to innovate and deliver high-quality investments in real estate, financial services, infrastructure and pharma. Fifty of our cities are ready to set up Metro Rail Systems. We are establishing devoted business courts and business divisions in excessive courts. “We want a quantum jump”, he added.

The authorities, has additionally determined to do that in “a cleaner and greener means”.

While, he did make his point very clear – with the data of rising manufacturing sector at a growth rate of 12.6 per cent – that it is the time of the for the investors to invest in India, if they really want to make the century to their name.

He also alleged that in the previous United Progressive Alliance government, the decisions were taken at 24 Akbar Road (Congress office) instead of the PM’s office.