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Make in India requires urgent creation of new infrastructure: PM Modi

by IBNS 12 Apr 2015, 10:16 pm

Hannover, April 13 (IBNS) Indian Prime Minister Narendra Modi has said the strategy for "Make in India requires creation of new infrastructure.

"Our strategy for "'Make in India' requires urgent creation of new infrastructure. The substantial enhancement in financing in the federal budget for highways, railways and energy is a step in this direction. Work has begun on the development of Delhi-Mumbai Industrial Corridor," Modi said in an  Op-Ed in Frankfurter Allgemeine Zeitung.

"I visualize India as a key engine of global growth. Our democratic principles and practices are guarantors of stability. We have a free media and an independent judiciary that allows all opinions to be aired without fear," he said.

Speaking on India's  participation at the Hannover Messe, he said: "My visit to Germany and India’s participation at the Hannover Messe as a Partner Country is aimed at realising the immense possibilities that exist between us. In my discussions with Chancellor Merkel and with captains of German industry, I intend to share our sense of optimism and confidence in our future plans. I will also listen carefully to learn what more we can do to address concerns of German entrepreneurs with regard to investment and manufacturing in India."

Modi is on a visit to Germany in the second leg of his three-nation tour.