India's Growth Story: A Call for German Investment
Prime Minister Narendra Modi invites German businesses to invest in India, emphasizing the country's robust economic potential and the expanding opportunity for skilled Indian workers in Germany. He highlights India's strengths in democracy, demography, demand, and data, positioning it as a global trade hub.
- Country:
- India
Prime Minister Narendra Modi has extended an invitation to German businesses to invest in India, underscoring the exceptional economic opportunities available. Addressing the 18th Asia-Pacific Conference of German Business 2024, Modi expressed confidence in India's appeal as a leading investment destination.
Modi highlighted the current moment as ideal for foreign investors to engage with India's economic growth, urging them to embrace the 'Make in India' initiative and expand into global markets. His remarks pointed to the increasing integration between India and Germany, as signaled by Germany's decision to significantly boost visas for skilled Indian workers from 20,000 to 90,000.
Underlining India's critical role as a global trade and manufacturing hub, Modi emphasized ongoing investments in infrastructure, such as roads and ports, and identified the Indo-Pacific region as strategically vital. He grounded India's economic ascent on core strengths like democracy, demography, demand, and data.
(With inputs from agencies.)