Narendra Modi: I want India to be the “most open economy”

Prime Minister Narendra Modi on Friday also said that he wants India to be the "most open economy" in the world.

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Tokyo, Nov 11 Three Japanese organisations promoting business with India co-hosted luncheon in honour of Prime Minister Narendra Modi. PM is on a three-day visit to Japan.

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PM began his speech at CII-Keidanren luncheon by saying that, "My personal engagement with leadership, government, Industry and people of Japan is now almost a decade old". He stressed that strong India-Japan ties will be a "stabilising factor" in Asia and the world. 

Prime Minister Narendra Modi on Friday also said that he wants India to be the "most open economy" in the world.

"I have also been saying that India and Japan will play a major role in Asia's emergence," he said in a tweet after interacting with business leaders in Tokyo.

The Prime Minister said that Asia has emerged as the new centre of global growth, and it was because of its competitive manufacturing and expanding markets.

Modi praised Japan for its good quality products.

"The very word 'Japan' in India symbolises quality, excellence, honesty and integrity," he said, adding that both the nations must march forward and explore bigger potentials and brighter prospects.

"'Made in India' and 'Made by Japan' combination has started working wonderfully," he said in one of the tweets.

Modi also lauded Japan for being the fourth largest source of foreign direct investment in India.

Modi will attend the annual bilateral summit with Japanese Prime Minister Shinzo Abe later in the day.

On Saturday, Modi and Abe will travel on the Shinkansen high-speed rail to Kobe.

During Abe's visit to India last year, Japan committed itself to the development of a high-speed rail link between Mumbai and Ahmedabad.

This is Modi's second visit to Japan in two years.

(With agency inputs)

OneIndia News

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