On eve of PM Narendra Modi’s tour, German envoy says investment climate in India improved

Narendra Modi will have a packed schedule wooing investors and projecting his ambitious “Make in India” initiative.

With Prime Minister Narendra Modi set to visit Germany from Thursday, German Ambassador Michael Steiner Wednesday said the investment climate in India had improved significantly as “there is more optimism and greater confidence now”.

“There is a change and it takes time. India is a big ocean… you cannot change things overnight. Things have started to move,” he said. He said UPA could not do so many things as it was a “large coalition”.

In his maiden visit to the European nation as PM , Modi will have a packed schedule wooing investors and projecting his ambitious “Make in India” initiative. He will inaugurate the Hannover Messe, considered the largest congregation of business tycoons, along with German Chancellor Angela Merkel. India is the partner country of the fair this year where over 350 Indian enterprises are participating.

“In January, the world came to vibrant India in Gujarat and now exactly three months later, vibrant India is coming to the world in Germany to Hannover Messe,” Steiner told reporters.

In the first leg of the nine-day tour, Modi will travel to France where economy, defence and energy will be high on the agenda of his talks with President Francois Hollande. From France, Modi will travel to Germany where again business and technology will be the focus. In the third and last leg of the tour, he will travel to Canada, marking the first standalone visit by an Indian Prime Minister in over 42 years.

Source:: Indian Express