Knews Desk– Prime Minister Narendra Modi’s recently completed foreign tour of 5 countries is being considered very successful for India both economically and strategically. The main objective of this visit was to increase foreign investment in India, attract global companies and strengthen business partnerships. Now positive results of this tour have started emerging. According to reports, India has received investment proposals worth about ₹ 3.5 lakh crore or about 40 billion dollars during this visit.
According to government officials, Prime Minister Modi met CEOs and senior executives of more than 50 large global companies during his visit. The combined valuation of these companies is said to be between 2.7 to 3 trillion dollars. Many companies are already doing business in India and are now planning to further expand their investments and operations.
Experts believe that this investment will further strengthen India’s economic growth rate. This will also create new employment opportunities and strengthen the country’s foreign exchange reserves. The government says that India’s fast-growing economy and large consumer market is attracting the world’s biggest companies.
There will be big investment in these sectors
According to officials, there are possibilities of huge investment in sectors like semiconductor, logistics, technology, infrastructure and manufacturing. Several new projects are currently in the pipeline and formal announcements may be made in the coming months.
The biggest achievements of this tour also include the UAE’s promise of new investment of 5 billion dollars i.e. approximately ₹ 45 thousand crores in India. Apart from this, many sovereign funds and international investment groups have also shown interest in long-term investment in India.
Increased confidence in India’s economy
Government sources say that this trust of global companies is the result of India’s strong economic policies and stable leadership. Big companies of the world are seeing India as the biggest growth market in the coming years.
Experts believe that if these investment plans are implemented on time, India can get huge benefits in the fields of technology, employment and infrastructure development. This foreign visit of PM Modi is being considered a major success of India’s economic diplomacy.
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