PM Modi invitations US companies to put money into healthcare, defence, vitality

New Delhi, July 22

Prime Minister Narendra Modi on Wednesday invited US firms to put money into India’s healthcare, infrastructure, defence, vitality, farm and insurance coverage sectors, saying the nation affords openness, alternatives and choices for investments.

“Today, there is global optimism towards India. This is because India offers a perfect combination of openness, opportunities and options. Let me elaborate. India celebrates openness in people and in governance,” Modi stated whereas addressing the US-India Business Council.

He stated the coronavirus pandemic has confirmed the significance of financial resilience, which will be achieved by stronger home financial capacities.

“This means improved domestic capacity for manufacturing, restoring the health of the financial system and diversification of international trade,” he added.

“India is emerging as a land of opportunities. Let me give you one example of the tech sector. Recently, an interesting report came out in India. It said for the first time ever, there are more rural internet users than even urban internet users,” he stated.

Stating that open markets imply extra alternatives, Modi stated over the last six years the federal government has made many efforts to make the Indian economic system extra open and reform oriented. 

Reforms have ensured elevated competitiveness, transparency, digitisation, innovation and coverage stability, the Prime Minister stated. — PTI

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