3 years, 2 months ago
Prime Minister Narendra Modi’s Big Message to US Industry—India is Open for Business
News 18Prime Minister Narendra Modi’s visit to the US and his meeting with the leaders of the US industry sends a strong message that India is open for business. Former defence minister Manohar Parrikar and Prime Minister Modi opened up this industry, and today we are witnessing the emergence of many Indian industries in this sector, and they are delivering sophisticated weapons at a much lower cost to the Indian armed forces. When India opened up to global software business in the early 1990s, it allowed 100 per cent FDI in the IT sector. India has opened up and allowed 100 per cent FDI in areas of emerging and sophisticated technology; such companies should be asked to set up shop here.
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