Prime Minister Narendra Modi on Monday made a strong pitch for German companies to invest in India asking them to come and feel the change.
Stating that India is now a changed country, PM Modi said "we have removed lot of regressive taxation regimes."
"Our regulatory regime is much more transparent, responsive and stable," PM said inaugurating the India-German business summit.
Stating that there was more potential in India-German economic collaboration, PM Modi said, "Our economic partnership not as much as what both nations would like to have. I am here to assure the German companies that India is now a changed country."
"It is the effort of my government to encourage innovation, R & D and entrepreneurship in the country," PM said adding, "I take this opportunity for inviting more and more German companies to India. Assure all support from my side."
Earlier, speaking at the inauguration of the 'India Pavilion' at the Hannover Messe, Modi said India has a huge potential to become a global manufacturing hub as he invited the whole world to partner with the fastest growing economy in this endeavour.
"The entire world is looking at India. Demography, democracy and demand are attracting the world to India," Modi said as he along with German chancellor Angela Merkel opened the 'India Pavilion' at the Hannover Messe, the world's largest industrial fair.
India is the partner country at the fair. "Not only Germany, the whole world is looking at India," Modi said.
"Low-cost manufacturing, efficient governance and no-defect manufacturing makes India a global engine in the manufacturing centre," he said, adding there is a huge potential of India becoming a manufacturing hub.
The Prime Minister invited the whole world to come to India and increase their partnership with the country and make use of the opportunities India offer to scale new heights of success.
"All kinds of rating agencies of the world are saying India is the fastest growing economy," he said.
Merkel said she was impressed with what India is showcasing at the fair
(Source: Times of India)
