BUSINESS
PM Modi speaks to American investors – India has opened up the market, now waiting for you
Prime Minister Narendra Modi while addressing the ‘India Ideas Summit’ said that there can be no better opportunity for investing in India. Because in the last 6 years the work has been done to create a better environment for investment.
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FDI up to 100% approved in insurance sector
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Currently the best environment for investment in India
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Appeal to Americans for investment in defense and space sector
Prime Minister Narendra Modi while addressing the ‘India Ideas Summit’ said that there can be no better opportunity for investing in India. Because in the last 6 years the work has been done to create a better environment for investment.
Through this program, PM Modi advised American investors to invest in finance and insurance sector. He said that India has now approved 100 percent FDI in the insurance sector. India is emerging as a country of opportunities.
100% FDI approved in insurance sector
PM Modi said that there is immense potential in the insurance sector in India. The government is running many insurance schemes. PM Modi mentioned Ayushman Bharat and PM Crop Insurance Scheme. He said that investment in these sectors will bring growth.
The result of the environment that the government has prepared for investment is that India’s position has improved in World Bank’s Ease of Doing rankings. Apart from this, PM Modi asked Americans to come and invest in defense and space sector. We have increased FDI to 74 percent for investment in defense.
Expect cooperation from americans
In his address, the PM said that the investment opportunity in India is huge. Today the world is looking towards India. Because India has a great mix of openness, opportunities and technology. He said that India has proved its manufacturing capability even in the midst of Corona crisis. America needs cooperation to take it further. Today, improvement in agriculture is yielding better results.
Apart from this, PM Modi invited to invest in the energy sector through this conference. He said that India is turning itself into a gas based economy. There will be a lot of opportunities for American companies in this area. There will be a lot of opportunities for American companies in the clean energy sector as well.