Narendra Modi determined to win over investors

Q: Prime Minister Narendra Modi on Sunday i.e 14.01.2015 assuring investors that the government will be available to hold your hand whenever you need us.

Sanchita Chanda, Ahmedabad

14th January 2015

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The Prime Minister defended the recent amendments to the Land Acquisition Bill saying they would facilitate development in remote areas while ensuring better returns for the farming community. His priority would be to build infrastructure through public-private partnership; connecting and modernizing ports; building low cost airports to improve regional connectivity; enhancing broadband connectivity; and upgrading manufacturing industries.

Devesh Kumar, Ahmedabad

15th January 2015

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Modi refered an International Monetary Fund forecast that said India would be the second fastest growing economy in the coming years and pointed out that growth, in the first two quarters of the current fiscal, had been 1% higher than in the corresponding period of last fiscal.

Jyothi J, Ahmedabad

15th January 2015

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The policy for smart cities had been backed by releasing Foreign Direct Investment (FDI) in construction while the plan to modernize Indian Railways had been followed up by opening up the sector to 100% FDI. The defence space too allowed for 49% FDI and the government was also raising the FDI limit for the insurance sector.

Devesh Kumar, Ahmedabad

14th January 2015

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Modi also make sure the investors that they are not only making commitment and announcements but they are backing the investors with strong action at the level of policy and practice. In his 30-minute address to India Inc and delegates from over 100 countries including high profile dignitaries, secretary of state, US administration John Kerry, United Nations secretary-general Ban Ki Moon and World Bank President Jim Young Kim.

Jyothi J, Ahmedabad

14th January 2015

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Promoters of a couple of Indias biggest conglomerates announced large investments in Gujarat. While Reliance Industries chairman Mukesh Ambani said his firm would spend R1 lakh crore over the next few years, Aditya Birla Group chairman Kumar Mangalam Birla said his group would invest R20000 crore in chemicals and metals ventures, although no time line was mentioned.

Devesh Kumar, Ahmedabad

14th January 2015

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Even, the World Bank chairman had said that if India improves its place from its pathetic ranking beyond 150, it would reap rich dividends. In a reply he assured him that India would work to come within the first 50 countries in this respect. Asserting that the government had backed up efforts to wake up the economy with strong action,. He also said that he was committed to creating a policy environment that is predictable, transparent and fair.

Jyothi J, Ahmedabad

14th January 2015

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Prime Minister Narendra Modi on 12.01.2015 made a strong pitch to investors promising to make India an easier place to do business with a stable tax regime and assuring them the government will be available to hold your hand whenever you need us.

Devesh Kumar, Ahmedabad

14th January 2015

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