Wednesday, October 28, 2020
Home Business Modi woos foreign investors in ASEAN Business Summit

Modi woos foreign investors in ASEAN Business Summit

By Tarun Pratap and Arka Mondal

New Delhi: Lauding the ASEAN community for its overwhelming success, Prime Minister Narendra Modi called for a united effort to work for the development of the region.

Speaking at the 12th ASEAN summit in Kuala Lumpur on Saturday, Prime Minister Narendra Modi assured foreign investors of all out assistance and cooperation.

Mentioning the availability of a huge available manpower in India, Modi said, foreign investors can make good use of the congenial commerce atmosphere in India.

Stressing on the ‘Make in India’ campaign, Modi said, since the BJP led government took over the reins of government 18 months ago, emphasis was given on reforms to transform the India’s industrial sector to make it business friendly. Despite India’s economy facing numerous challenges, the government was committed to restore credibility, said Modi, adding, the initiatives undertaken in the last few months had increased people’s confidence on India. Indian economy witnessed an upward surge since then, he added.

Inviting ASEAN member nations to develop smart cities in India, Modi said there was a huge investment opportunity in various fields including science, education and technology.

The Indian premier called for a united effort for enhancing cooperation in the areas of medicine, health, climate change, disaster reduction.

Modi also said that everyone should follow the international norms and law to maintain the peace in the south china sea which is critical to the region which includes 1982 United Nations Convention on the law of the sea.

Alike all other foreign visits, Modi upheld the campaign of ‘Make in India’ in Malaysia as well. His address at the ASEAN trade summit was aimed at luring investments and showcasing opportunities in a country aiming to be a leading global manufacturer.














Most Popular

Apple Working to Develop Google Search Engine Alternative

Apple is reportedly ramping up its efforts to develop an alternative to Google search as the search engine giant has come under antitrust scrutiny...

Young Smokers Face the Risk of Premature Death

Current smokers faced nearly three times the risk of premature death from cardiovascular disease compared with people who never smoked, with the risk being...

Harley-Davidson Announces Its First Ever Electric Bicycle

 Harley-Davidson has unveiled its first-ever electric bicycle inspired by the brand's very first motorcycle from 1903. The new business called ‘Serial 1 Cycle Company' started...

Sourav Ganguly: IPL 2020 Is The Best Tournament So Far

BCCI President Sourav Ganguly has been overwhelmed with the response which the ongoing edition of the Indian Premier League (IPL) 2020 is getting in...

LinkedIn Ensures Hiring Of 3 Job Seeking People Every Minute

The global professional networking platform LinkedIn, which has more than 722 million users, ensures that three people are hired every minute and new features...

Undiscovered Music Trends For Indian Music Listeners

Do you remember the times when people used to go to various music stores to find Cassettes and CDs of newly released albums? While...

Forex Risk Management Strategies: How And When To Walk Away

By Paul Ronald Forex traders should be watchful if they want to protect their balance. Remember to limit risks associated with the job. The market...

Avoiding 5 Common Mistakes While Learning Online

By Sunidhi Beeliya The effect of COVID-19 on educational institutions led to a significant spike in enrolments in online training since March’20. The ability to...

Recent Comments