Narendra Modi woos German investors in Make in India push
At Hannover business fair, PM promises stable business environment in India with 'predictable and transparent' environment to open up investments
Hannover: Promising a stable business environment, Prime Minister Narendra Modi on Sunday wooed German investors saying opportunities in India are “seamless" and huge for a vibrant economic partnership.
Inaugurating he Hannover Messe, a business fair, with German Chancellor Angela Merkel, the prime minister said India is working on a “predictable and transparent" environment to open up investments. “We are creating an environment that is stable, where rules will not be changed frequently and there will be no surprise elements," he said.
Strongly pitching for his Make in India campaign, he said it was not a “slogan or a brand, but a new national movement".
Describing Germany as a “valuable partner", Modi said the two countries share a close and warm relationship that has grown in depth and diversity. “India is open and ready to embrace the whole world," he said while noting that there was a new level of interest among countries for partnership with India for enhancing trade, investment and in a host of other areas.
Modi’s address was preceded by a cultural extravaganza where an animated lion depicted the Make in India logo, drawing laud applause from the big gathering. Modi said the lions are a “symbol of new India" carrying the message of friendship and promise of partnership.
Welcoming the prime minister, Merkel said Germany was ready to give a new dimension to partnership with India. Noting that cooperative federalism existed in Germany like in India, she said sincere efforts will be made to bolster trade on all fronts. At the same time, she underlined the need to speed up innovations. PTI
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