Saturday November 17, 2018
Home Business Modi woos for...

Modi woos foreign investors in ASEAN Business Summit

0
//
Republish
Reprint

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.

 

 

 

 

 

 

 

 

 

 

 

Click here for reuse options!
Copyright 2015 NewsGram

Next Story

Xiaomi Drops Down Smartphone Prices in India

This is the first time when the smartphone market is at par with the feature phone market, each contributing 50 per cent to the overall mobile phone market

0
Xiaomi
Xiaomi cuts prices of 5 smartphones in India.

Chinese smartphone maker Xiaomi on Friday announced that it was permanently cutting the prices of five of its handsets in India, a day after the International Data Corporation (IDC) declared that the company was the market leader in the third quarter of 2018 in the country.

“We are delighted to share that we have seen a reduction in component costs of some of our best-selling phones. We were announced as the number one smartphone vendor in India for the fifth consecutive quarter, as per IDC Quarterly Mobile Phone Tracker.

“As a celebration of that, Xiaomi is announcing price cut for five smartphones,” the company said in a statement.

Xiaomi
Chinese smartphone maker Xiaomi on Friday announced that it was permanently cutting the prices of five of its handsets in India.

The 4GB+64GB variants of Redmi Note 5 Pro, Mi A2 and Redmi Y2 are now available for Rs 13,999, Rs 15,999 and Rs 11, 999, respectively while the prices of 6GB+128GB variants of Redmi Note 5 Pro and Mi A2 have dropped to Rs 15,999 and Rs 18,999, respectively.

According to the IDC report, the Chinese handset maker shipped 11.7 million units and became the top brand in the Indian market with 27.3 per cent share in the third quarter this year.

Also Read- Actress Anushka Sharma Promotes Tiger Conservation

This is the first time when the smartphone market is at par with the feature phone market, each contributing 50 per cent to the overall mobile phone market. (IANS)