PM Narendra Modi to meet global fund houses interested in investing in India

Prime Minister Narendra Modi will soon meet global fund houses who showed interest in investing in India, according to economic affairs secretary Tarun Bajaj. The prime minister is expected to meet 15 such fund houses. The government is also working along with the Reserve Bank of India (RBI) to get India included in global bond indices which would improve inflows to the bond market. 

“Fund houses from all over the world are getting in touch with us and saying if you can provide us with some good assets which require patient capital and give not very high returns but stable returns,” said Bajaj during a virtual conference organised by the Confederation of Indian Industries (CII). 

Earlier this week, the prime minister had addressed the nation, urging people to not stop taking precautionary measures in the upcoming festive season. 

“The lockdowns have gone but the coronavirus hasn't," he reminded people. Quoting from Kabir and Ramcharitmanas, Modi said not wearing masks or maintaining social distance will put the lives of everyone, including children and the elderly, in immense danger. 

“In the past few days, we have seen photos and videos of people not wearing masks. Some people have clearly stopped taking precautions, this is not good for the country's fight against coronavirus. If you are being careless, if you step outside without putting on a mask, then you are putting in danger the lives of your family members, including children and elderly,” he warned.  

He informed that India has come a long way creating 90 lakh beds for patients, over 12,000 testing centres and more than 2,000 labs. 

“In this season, the lustre of festivals seems to be returning in the bazaars. India is in a stable position right now. With the effort of all Indians the situation has improved. We don't have to let it deteriorate,” Modi said.