Government To Invest $1.3 Trillion On Infrastructure In The Next Few Years

Prime Minister Narendra Modi while speaking at the Bloomberg Global Business Forum on Wednesday in New York said: “India is a unique combination of four factors - Democracy, Demography, Demand, Decisiveness.”

The Prime Minister once again invited investors around the world to invest in India. Addressing a gathering of CEOs, Modi promised safe and friendly environment for investment in his keynote address at the event. Prominent business leaders such as JP Morgan CEO Jamie Dimon, Walt Disney chairman Bob Iger, former IMF chief Christine Lagarde, Uber CEO Dara Khosrowshahi and Mahindra Group chief Anand Mahindra marked there presence during this event.

"If you want to invest in a market where the latest trends and features are appreciated, come to India. If you want to invest in start-ups with a huge market, come to India. If you want to invest in one of the world's largest infrastructure ecosystem, come to India. We are rapidly modernising our cities, and equipping them with the latest technology and citizen-friendly infrastructure. Thus if you want to invest in urbanisation, come to India," Modi said.

In order to woo foreign investors, he listed several measures and said: "First, we have to bring our laws at par with global benchmarks. Second is ensuring safety for investors. To this end, we have a democratic setup and a judicial system, which uses English. This will help eradicate language barriers for global investors.”

Talking about his government’s 5-trillion dollar economy dream by 2025 Modi said that he first has to link laws, rules and governance to a global benchmark, to enable the world to invest in India in a trustworthy manner. He added that India was nearly a $2-trillion economy in 2014 when the BJP came into power and that the country has seen political stability after ages. “In the coming years, we are going to invest 1.3 trillion dollars on modern infrastructure,” Modi said in his address.