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India is preferred investment destination: PM




By Bhavana ‘Aparajita’ Shukla




PM Modi, while addressing Global Investors Summit in Brilliant Convention Centre in Indore, suggests MP Government to explore green hydrogen mission


HIGHLIGHTING strong macro-economic fundamentals and twin positive factors like India’s political stability and robust democratic system, Prime Minister Narendra Modi averred on Wednesday that as a corollary ideal conditions exist for investment in the country. These factors have not only propelled growth but also have fuelled optimism. He was virtually addressing the inaugural session of two-day Global Investors Summit in Brilliant Convention Centre in Indore. Referring to Internationally Monetary Fund (IMF) views that put India as a bright spot in the global economy and World Bank opines that India is in a better position to deal with globalheadwindsthanmany other countries, Prime Minister said “Institutions and credible voices that track the global economy have unprecedented confidence in India. The same optimism is also shared by global investors.”


On Government efforts, the Prime Minister stressed that overthe past eight years Government has put several infrastructure and service relatedthingsinordertoclear decks for investment. “Indiaawaitsinvestmentin health, agriculture, nutrition andskill development. Decks havebeenclearedforfunding in defence and other key sectors;labour-relatedlegislation witnessed simplification. Besides,finance,banking,and macro-economic elated spheres saw significant improvementsthusremoving hurdles against investment.”

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