Prime Minister Narendra Modi with German Chancellor Angela Merkel writes in the visitors book at the opening of the industrial fair in Hannover, Germany on Sunday.
“Our focus is not merely economic growth but an inclusive development. This requires creating jobs, upgrading skills, raising productivity, bench-marking quality with global standards.
” This is the message Prime Minister Narendra Modi gave to German investors through his column in Frankfurter Allgemeine Zeitung on April 13. Modi said this in Hannover in an effort to woo German investment and propel his ‘Make in India’ adage.
PM Modi claimed that his government has “re-energised” the Indian growth engine and restored the credibility of the Indian economy. He staked claim to the recovery in Indian economy and said, ” My government has earnestly taken up the challenge of development and economic transformation of India. For us, development is not a mere political agenda; it is an article of faith.”
Stressing on the need for increasing manufacturing within the borders of India to gainfully employ the burgeoning youth, Modi wrote that the ‘Make in India’ campaign is designed around this very goal and is a “win-win” for all. He said, “The employment opportunities that new manufacturing will generate will enhance the purchasing power of our people. This in turn will create a market for more trade and investment.”
“Our strategy for “Make in India” requires urgent creation of new infrastructure. The substantial enhancement in financing in the federal budget for highways, railways and energy is a step in this direction. Work has begun on the development of Delhi-Mumbai Industrial Corridor,” he said.
Our strategy for “Make in India” requires urgent creation of new infrastructure. The substantial enhancement in financing in the federal budget for highways, railways and energy is a step in this direction. Work has begun on the development of Delhi-Mumbai Industrial Corridor.
Invoking old ties with Germany, Modi wrote, “Our priorities fit well with Germany’s expertise. India’s development needs can become business opportunities for German industry.”
Modi said that even though there are 1600 Indo-German colloboratons, a great of potential still remains unrealised. “Germany is globally renowned for its engineering, innovation and skills. The capacities of your Mittelstand and family-owned businesses are well known. I invite them to come to India,” he told.
“You are also our natural ally in my Government’s “Clean India” initiative. We also want to benefit from Germany’s experience in cleaning the River Ganga. We invite your transport companies, including your railways, to assist us in the modernization of our transport networks. Your logistics and infrastructure companies can contribute to ongoing development of industrial corridors in India,” he wrote.