Delivering the keynote address at the Bloomberg Global Business Forum in New York on Wednesday, Prime Minister Narendra Modi asserted that infrastructure creation in India was progressing at a fast pace. Earlier, Michael Bloomberg, co-founder of Bloomberg LP, welcomed the PM to the event. The latter urged foreign companies to invest in India as it was one of the world’s largest ecosystems.
PM Modi outlined the potential for investment arising from the massive infrastructure push India is currently in the midst of, also mentioning the fact that the government was in the process of building millions of homes for the poor and the middle class.
‘’Our infrastructure creation is expanding at a fast pace, from highways to metros, from railways to ports and from airports to logistics. Each sector is seeing massive investment and tremendous potential. Thus, if you want to invest in one of the world’s largest ecosystem, come to India. We are rapidly modernizing our cities and equipping them with the latest technology and citizen-friendly infrastructure. Thus, if you want to invest in urbanization, come to India. We have opened our defence sector as never before. If you want to make in India, for India, and for the world, come to India. We are building tens of millions of homes for the poor and the middle classes. This is perhaps the largest housing efforts in the world. Thus, to invest in realty, come to India,’’ the Prime Minister said.
#ModiPowerPush | Prime Minister Narendra Modi is delivering the keynote address at the Bloomberg Global Business Forum 2019; tune in to watch #LIVE here - https://t.co/LGCyJUEBn5 pic.twitter.com/aNfpjKE1e0— Republic (@republic) September 25, 2019
Business has been a key agenda of the Prime Minister in his US visit. After landing in Houston on September 22, PM Modi held a roundtable conference at Hotel Post Oak involving the CEOs of 17 global energy companies, even before 'Howdy Modi'. The participating companies had left a mark in 150 countries and had a net worth of $1 trillion. On the sidelines, an MoU was signed between Tellurian, a Houston based energy major and Petronet LNG whereby the latter would invest $2.5 billion in Tellurian's proposed Driftwood LNG export terminal. In return, it will get the rights to 5 million metric tonnes of LNG yearly spanning 40 years.
It is impossible to come to Houston and not talk energy!— Narendra Modi (@narendramodi) September 22, 2019
Had a wonderful interaction with leading energy sector CEOs. We discussed methods to harness opportunities in the energy sector.
Also witnessed the signing of MoU between Tellurian and Petronet LNG. pic.twitter.com/COEGYupCEt