Selling ‘Make in India’, Modi bags $22 billion investment


Shanghai: Selling his agenda of ‘make in India’ Prime Minister Narendra Modi on Saturday met CEO’s of top 20 Chinese companies in shanghai. After this meet, Modi spoke at the India-China Business forum in Shanghai.

Indian and Chinese companies also signed 21 Memorandum of Understandings worth $22 billion during his meeting with 22 CEOs.

“Our ideas had a role to play in your innovations. We have a lot in common. India has always been a knowledge society. You have been an innovating society,” he said.

Promoting his ‘Make in India’ campaign, Modi said, “We want to make things in India for which we launched “Make In India”. We want to encourage R&D. We also want to promote manufacturing in a big way particularly to create jobs for our youth who form 65% of our population.”

Listing out the infrastructure projects, Modi said, “The scope and potential of infrastructure and related developments is very huge in India. We have made all time allocation for roads and railways. We are upgrading the existing airports, connecting them to regional places of economic importance. We are going to develop smart cities, mega industrial corridors. For this we have refined our FDI in construction.”

The Modi government completed 365 days in power on Saturday.