Prime Minister Narendra Modi is addressing the Bloomberg Global Business Forum in New York on Wednesday.

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In a pitch to global investors, PM Modi has highlighted the recent corporate tax cut and invited FDI into the country.

The Prime Minister told the gathering that in the last five years India has attracted $ 286 billion in foreign direct investment and added that this was almost half of the total FDI inflow in the preceding 20 years. PM Modi also said that almost 90 percent of the FDI inflow in the last five years was through the automatic route.

Making a pitch to the investors, the Prime Minister spoke about the scale of the Indian market and economy. He said, "If you want to invest in a market where there is scale, come to India. If you want to invest in a market where the latest trends and features are appreciated, come to India. If you want to invest in start-ups with a huge market, come to India. If you want to invest in one of the world’s largest infrastructure ecosystem, come to India."

PM Modi also spoke about creating a better working atmosphere. He said, "We are rapidly modernising our cities, and equipping them with latest technology and citizen friendly infrastructure. Thus if you want to invest in urbanisation, come to India."

The Prime Minister also invited investment in India's defence sector. He said, "We have opened our defence sector like never before. If you want to Make in India, for India and for the world, come to India.

He ended his pitch with a personal assurance to the global investors. He also advocated a synergy between USA and India. He said, "Your prudent method and our pragmatic mind can write new stories in management. Your rational ways and our human values can show the path which the world is looking for. And if there is any gap anywhere; I will personally act as a bridge."

First Published:Sept 25, 2019 6:37 PM IST