PM seeks FDI for urbanisation

Tribune News Service

New Delhi, November 17

Prime Minister Narendra Modi on Tuesday invited foreign investors to take a closer look at the opportunities opening up due to urbanisation of India.

Speaking at the third annual Bloomberg New Economy Forum via video conferencing, the PM said: “If you are looking to invest in urbanisation, mobility, innovation and sustainable solutions, India has exciting opportunities for you. These opportunities come along with a vibrant democracy.”

⚡️ Cities of the future: Highlights from Bloomberg's New Economy Forumhttps://t.co/feTAJTJQpk

— Bloomberg New Economy Forum (@neweconforum) November 17, 2020

The PM said the restart that the world needs would not be possible without a reset of the mindset.

“This opportunity should be grabbed by the world if we want to develop resilient systems for the future. We should think about post-Covid requirements of the world.  A good starting point would be the rejuvenation of our urban centers,” he said.

The Prime Minister spoke about the selected 100 smart cities which have prepared projects worth almost Rs 2 lakh crore rupees ($ 30 billion).

Projects worth almost Rs 1.40 lakh crore ($ 20 billion) have been completed or nearing completion, he added.

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