Grab Share of $100 bn FDI Pie: PM to States

Modi assures that Centre would stand shoulder to shoulder with all states, irrespective of their political affiliation to facilitate investment

Published: 10th October 2014 06:00 AM  |   Last Updated: 09th October 2014 10:32 PM   |  A+A-


INDORE: Prime Minister Narendra Modi on Thursday while emphasising  the importance of Centre-State relations asked them to work in tandem for a better, vibrant and economically prosperous India.

Inaugurating the second edition of “Invest Madhya Pradesh - Global Investors Summit - 2014” here, at the commercial capital of Madhya Pradesh, Prime Minister Modi said  “Centre would stand shoulder to shoulder with all states, irrespective of their political affiliation to facilitate investment and economic growth.”

Delivering his keynote address which lasted for over an hour, the Prime Minister who was flanked by the top industrialists who constitute India Inc said   when states and Centre  join hands it would lead to what is called the spirit of “one and one - eleven.”

The Prime Minister in jest said after his recent successful summit level interactions with Japan, China and the United States, “investment worth $100 billion had applied for a visa to India. It is now up to the states to grab a share of this investment.”

Stressing the fact that no nation in the world today can exist in isolation, the Prime Minister drove home his point with an example and said “When financial markets in the US are adversely affected, Indian markets also feel the heat.”

“If the country has to forge ahead, every state needs to contribute to make India a stronger nation. We at our level, will encourage every state to make India a stronger nation.”

The Prime Minister said he stands for Team India - a team consisting of the Prime Minister and all Chief Ministers. If this team works together, a lot can be accomplished, he added. Modi said the Centre and states are not competitors or enemies; they are complementary.

The Prime Minister told the business community who attended the summit that for the government, India is not merely a ‘huge market’ but it is a commitment on part of the government to look at its welfare and provide better opportunities for its citizens.

While complementing the  Madhya Pradesh government and the bureaucracy of the state he told India Inc Madhya Pradesh has ample land, good infrastructure, and effective governance; and therefore is an excellent investment destination.

As many as 100 industry captains over 60 of whom shared the dais with the Prime Minister, Ambassadors of 28 countries were present at the summit - which was also partnered by  countries.


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