Why Prime Minister Narendra Modi thinks India is the place to be for investors

Prime Minister Narendra Modi on Thursday wooed global investors by showcasing the recent agriculture and labour reforms and faster-than-anticipated reflating of the economy and asserted that the government will do whatever it takes to make India the engine of global growth resurgence. Speaking to 20 top global investors, the Prime Minister said the "Self-Reliant India" campaign does mean the country is becoming a closed economy but rather offers opportunities to be part of the India growth story. 

Soliciting global investments, the Prime Minister said India is the best place for generating long-term returns. 

"If you want returns with reliability, India is the place to be. If you want demand with democracy, India is the place to be. If you want stability with sustainability, India is the place to be. If you want growth with a green approach, India is the place to be," PM Modi said. 

India offers "democracy, demography, demand as well as diversity. Such is our diversity that you get multiple markets within one market. These come with multiple pocket sizes and multiple preferences. These come with multiple weathers and multiple levels of development", he said. 

Highlighting the potential of the Indian market, PM Modi said that any achievements by India will have a multiplier impact on world's development and welfare. 

"A strong and vibrant India can contribute to stabilisation of the world economic order. We will do whatever it takes to make India the engine of global growth resurgence. There is an exciting period of progress ahead. I invite you to be a part of it," he added. 

The Virtual Global Investor Roundtable (VGIR) 2020, organised by the finance ministry, witnessed participation of chief executive officers and chief investment officers of the 20 top institutional investors from the US, Europe, Canada, Korea, Japan, Middle East, Australia and Singapore. 

Some of the prominent funds participating in the event included Temasek, AustralianSuper, CDPQ, CPP Investments, GIC, Future Fund, Japan Post Bank, Japan Bank for International Cooperation, Korean Investment Corporation, Nippon Life, Mubadala Investment Company, Ontario Teachers, Teachers Retirement Texas and Pension Denmark. 

Reacting to PM Modi’s call, Sonit Jain, CEO of GajShield Infotech said, "Enhancing India as an Investment destination, this step could prove to be great towards boosting “Make In India” and “Atmanirbhar Bharat” initiatives that will help bring in more hardware manufacturing technology-based companies, making India a landmark for both software and hardware technology."