PM seeks FDI for urbanisation

Says India has exciting opportunities along with a vibrant democracy

PM seeks FDI for urbanisation

Prime Minister Narendra Modi. File Photo

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.”

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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