Indian Prime Minister Narendra Modi Addresses 18th Asia-Pacific Conference of German Business
Modi Encourages German Businesses to Join India's Growth Story
In a speech at the 18th Asia-Pacific Conference of German Business, Indian Prime Minister Narendra Modi highlighted the immense opportunities for economic collaboration between India and Germany.
India's Economic Potential
Prime Minister Modi emphasized India's strong economic fundamentals, including its large and growing consumer market, skilled workforce, and favorable business environment.
He noted that India is the world's fifth-largest economy and is projected to become the third-largest by 2030. This growth, coupled with India's young and dynamic population, presents significant investment opportunities for German businesses.
Key Sectors for Collaboration
Modi identified several key sectors where India and Germany can enhance their economic partnership:
- Renewable energy
- Manufacturing
- Infrastructure
- Digital technology
- Healthcare
He highlighted India's ambitious plans to transition to clean energy, develop smart cities, and improve its healthcare system.
Strengthening Business Ties
Modi emphasized the importance of strengthening business ties between India and Germany.
He invited German businesses to invest in India's flagship "Make in India" program, which aims to make India a global manufacturing hub.
He also encouraged German businesses to collaborate with Indian companies in areas such as research and development.
Conclusion
Prime Minister Modi's address at the 18th Asia-Pacific Conference of German Business was a clear signal of India's commitment to fostering economic collaboration with Germany.
He emphasized the immense opportunities for German businesses in India and encouraged them to join India's growth story.
