India emerged as land of opportunities; institutional investors pumped $7 Bn since Jan 2019: PM New Delhi, Oct 9 (KNN) India is the only ...
India emerged as land of opportunities; institutional investors pumped $7 Bn since Jan 2019: PM
New Delhi, Oct 9 (KNN) India is the only country shining in all the investment parameters like having political stability, investment and business-friendly policies, transparency in governance, skilled talent pool and a large market, the Prime Minister Narendra Modi said on Thursday at Invest India Conference in Canada through video conference.
He said there is an opportunity for everyone including Institutional Investors, manufacturers, supporters of innovation ecosystems and infrastructure companies.
The Prime Minister said India-Canada bilateral ties are driven by shared democratic values and many common interests. He said the trade and investment linkages between the two countries are integral to the multifaceted relationship.
The Canadian Pension Funds were the first ones to start investing directly in India. Many of them have already discovered great opportunities in a range of areas like highways, airports, logistics, telecom and real estate.
“The mature Canadian investors who have been in India for many years now can be our best brand ambassadors. Their experience, their plan to expand and diversify can be the most credible evidence for other Canadian investors to come here too”, PM added.
He promised no barriers for the Canadian investors in India.
The Prime Minister also highlighted the recent reforms in the labour laws to enhance ease in doing business.
He added the reforms in the field of agriculture are far-reaching and will not only give more choice to farmers but will boost exports.
The Prime Minister cited a range of initiatives like liberalizing the FDI regime, creating a friendly tax regime for Sovereign Wealth and Pension Funds, bringing significant reforms for developing a robust Bond market and Incentive schemes for Champion sectors.
He mentioned that schemes in sectors like Pharma, Medical Devices and Electronics Manufacturing are already in operation.
“Due to these improvements, India received around USD 70 Billion from Institutional Investors in January 2019 to July 2020. This is almost equal to that received in four years between 2013 and 2017. Continuing confidence of the global investor community in India is seen by the fact that FDI into India went up by 20% in 2019 when global FDI inflows fell by 1%”, he added.
