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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.

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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.

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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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