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    Home / News / Business News / Modi presents strategic push for attracting global investments in India
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    Modi presents strategic push for attracting global investments in India
    Modi also introduced a new 'Design in India' initiative during his independence day speech

    Modi presents strategic push for attracting global investments in India

    By Akash Pandey
    Aug 15, 2024
    01:08 pm

    What's the story

    On the occasion of India's 78th Independence Day, Prime Minister Narendra Modi delivered a speech from the Red Fort, highlighing that India has emerged as a preferred investment destination for global companies and investors.

    To further attract these investments, he encouraged a healthy competition among states. Modi emphasized that each state should strive to secure the largest share of foreign investment.

    Policy adaptation

    Calls for state policies to meet global needs

    Modi urged states to adapt their policies to meet the needs of international players. He described this as a "golden opportunity."

    In addition to policy changes, he stressed the importance of states ensuring good governance and maintaining law and order for investors.

    He also noted that India is focusing on green hydrogen capacity and aims to create more green jobs through it.

    New mantra

    Modi introduces 'Design in India' initiative

    Modi also introduced a new initiative, "Design in India," during his speech.

    He believes that this mantra of "Design in India" and "Design for the world" will propel the nation forward.

    This initiative follows the successful "Make in India" campaign and is expected to further boost India's global standing as an investment destination.

    Tech advancements

    India's progress in technology highlighted

    Modi also highlighted India's rapid progress in technology.

    He noted that the country has rolled out its 5G network at an impressive pace and that expansion work is ongoing.

    "Work on 6G tech is on mission mode," he stated, indicating a strong commitment to technological advancement.

    This focus on tech development further underscores India's appeal as a global investment hub.

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