PM Narendra Modi tells states to compete for $100 billion
Assures Centre’s help in all developmental plans
By : DC Correspondent
Update: 2014-10-10 02:21 GMT
INDORE: Prime Minister Narendra Modi on Thursday said it is up to the respective state governments to roll out suitable policies to attract $100 billion worth of investment that is set to flow into India following his interaction with global CEO’s during his foreign visits.
Inaugurating the Global Investment Summit organised by the Madhya Pradesh government, Mr Modi said, “Investment worth $100 billion is set to come into India. It is up to you to attract those funds into your states. Irrespective of the political party in power, the centre would extend all possible help to the state governments in the matter of investment and development. The world has changed a lot and states can’t function in isolation. States will have to work in tandem with the global environment. There is a greater need for the Centre and states to come together and work side by side”.
Similarly he asked large manufacturers to work along with small and medium suppliers to accelerate domestic growth and increase employment opportunities. He also urged industry to work towards making India self reliant in the defence sector. He pointed out that MP is the only state to have a defence manufacturing policy.