Modi invites global manufacturers to Make in India

Pune (Maharashtra), Feb 14: Prime Minister Narendra Modi Saturday extended an open invitation to global manufacturers in different sectors to join the government's Make in India initiative.

Inaugurating the new plant of General Electric (GE) in Chakan here Saturday morning, Modi said India has been the focus of the world for its speedy development records in the past few months and acknowledged as the fastest growing economy with a GDP of 7.4 percent.

"We have a huge force of talented youth which can work as a magnetic force for development. Procedures to set up new industries have been drastically simplified and norms to set up industries reduced...Manufacturers from all over the world can come here for mutual benefits and a win-win situation with Make in India," Modi urged.

Referring to the wealth of talent and youth, Modi said the world was stunned to learn that India managed to build and send a spacecraft to Mars at less than the cost of a Hollywood movie.

IANS