Reforms will make India the most open economy: PM Modi

Raj Kamal Rao

Spelling out hi resolve is to make India the most open economy in the world, Prime Minister Narendra Modi invited Japanese business leaders to invest in infrastructure.

Prime Minister Modi is in Japan to hold key bilateral talks with counterpart Shinzo Abe during his three-day visit.

Sources said that India and Japan are expected to sign 12 pacts, adding there were also high expectations about the civil nuclear deal being signed.

Addressing the business community in Tokyo on his official visit to Japan, PM Modi said that India has a huge and substantial need for finances and his government was pursuing reform policies to make the country the world's "most open" economy. Courtesy: Twitter/MEAIndia

PM Narendra Modi addressing the business community in Tokyo on his official visit to Japan
Courtesy: Twitter/MEAIndia

Addressing the business community in Tokyo on his official visit to Japan, PM Modi said that India has a huge and substantial need for finances and his government was pursuing reform policies to make the country the world’s “most open” economy.

“India is pursuing a new direction of economic reforms… My resolve is to make it the most open economy in the world,” he said.

PM also mentioned progress on GST and talked about other reforms in policies and rules to make investments and doing business easier in India.

Noting that India’s development needs are “huge and substantial”, he said there are unprecedented opportunities for Japanese companies in the country.

“We seek rapid achievement of our developmental priorities, but in an environment-friendly manner. India’s prowess in software is complemented by Japan’s strength in hardware. Want to assure you that we will provide a level-playing field,” PM Modi told business leaders

PM Narendra Modi and Emperor Akihito talk of the common bonds of India, Japan and the future of Asia. Courtesy: Twitter/MEAIndia

PM Narendra Modi and Emperor Akihito talk of the common bonds of India, Japan and the future of Asia.
Courtesy: Twitter/MEAIndia

Modi called on Japanese Emperor Akihito earlier in the day and discussed on various contemporary issues.

“Speaking of civilisations, PM Modi and Emperor Akihito talk of the common bonds of India and Japan and the future of Asia,” said MEA Spokesperson Vikas Swarup  in a tweet.