Modi bids investment in Defense and Railways

RSTV Bureau
London: Prime Minister Narendra Modi at UK-India CEO Forum meet in London on Friday, November 13, 2015. Photo - PTI

London: Prime Minister Narendra Modi at UK-India CEO Forum meet in London on Friday, November 13, 2015.
Photo – PTI

Prime Minister Narendra Modi talked top CEOs of India and the UK into swaying their big investments to India. Speaking at the first meeting of the reconstituted India-UK CEOs Forum held on Friday, PM Modi highlighted the government’s recent reform of further relaxing FDI norms to the heads of the blue-chip firms.

Addressing the CEOs of the UK, visiting Prime Minister Modi said “investment by British companies in India would be a win-win partnership for both countries” while talking of investment opportunities in infrastructure and renewable energy sectors.

PM Modi also encouraged investment from the top firms by referring to his government’s initiatives such as ‘Make in India’, opening up of FDI in various sectors, and commitments towards 50 million new houses by 2022 and 175 GigaWatts of renewable energy.

Stress was added to the ‘Make in India’ project which focuses on developing Indian railway stations and increasing defense manuafacturing through public-private partnership.

Both India and the UK are taking steadfastly steps at firmly building bilateral relationship. Both the Prime Ministers stated that the heads of the companies present must strengthen the relationship to further.

Stressing on the importance of economic ties in building bilateral relationships, PM Modi asserted that “we are confidently, consistently and ceaselessly working to integrate our economy with the world”.

The Prime Minister of India expressed his observation that people from UK and India are easily compatible with each other and this in itself is a big advantage to work together.

In his opening remarks, British Prime Minister David Cameron appreciated Modi’s vision and intent of transforming India.

CEOs from both sides made brief observations. “It was observed that the current time represents a ‘tidal wave of opportunity’ in India for investors,” read the release by the forum.

The meeting held at 11 Downing Street, next to British prime minister David Cameron’s office was headed by Tata Group chairman Cyrus Mistry. Participants of the meeting were Bharti Enterprises chairman Sunil Bharti Mittal, Tata Consultancy Services CEO and managing director N Chandrasekaran and Bharat Forge chairman Baba Kalyani.