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Prime Minister Narendra Modi has extended an invitation to global investors to capitalize on India's burgeoning economy, emphasizing that the current moment is ideal for international engagement. He conveyed this message at the Asia-Pacific Conference of German Business, where he highlighted the immense potential for growth within India's economic landscape. Modi particularly emphasized the synergistic potential of combining India's innovative spirit with Germany's renowned engineering prowess to drive growth across various sectors, particularly in the Indo-Pacific region. He sees this collaboration as a key factor in propelling India's economic expansion.
The event witnessed the signing of several Memoranda of Understanding (MoUs) between India and Germany, signifying a deepening of the economic ties between the two nations. These MoUs cover a range of sectors, demonstrating the commitment of both countries to fostering mutually beneficial collaboration. The presence of both Prime Minister Modi and German Chancellor Olaf Scholz at the signing ceremony underscores the importance of this strategic partnership and its potential to contribute to global economic prosperity.
Modi's call to action comes at a time when India is experiencing significant economic growth and enjoys a favorable global perception. The country's robust domestic market, coupled with its burgeoning technological advancements, has positioned India as an attractive destination for foreign investors seeking long-term growth opportunities. By highlighting the potential for collaboration in areas such as infrastructure, manufacturing, and technology, Modi is aiming to further attract foreign investment and position India as a leading player in the global economy.
Source: ‘Now is the time to invest in India’: PM Modi invites global investors