Modi paints India as attractive investment
destination
Making an all-out bid to
woo German investors, Prime Minister Narendra Modi on Monday promised to make "corrections wherever
required" to make India a global manufacturing hub adding it cannot be
stopped by "our own rules and regulations".Modi advised top German businessmen and industrialists to not go by "old perceptions" but to come to India and feel the change in the regulatory environment.
Modi's pitch for attracting foreign investors to boost his 'Make In India' initiative came at the inauguration of the Indo-German Business Summit at the Hannover Fair where he and Chancellor Angela Merkel opened the India Pavillion.
"At the end, it is my advice to you to come and feel the change in India's regulatory environment. Please do not go by old perceptions," he said at the event.
"Make in India is a need...We are confident that our journey to make India a global manufacturing hub cannot be stopped, that too, by our own rules and regulations. We must and will make corrections wherever (they are) required," Modi said to the cheers of the gathered audience that included top chief executive officers of companies in both the countries.
"Once again I invite you to India. I assure you of my personal attention in your success while you are in India," he said.
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