India’s prime minister has invited foreign investors to take advantage of the country’s $26 billion incentive-linked program and help the country become a manufacturing hub
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Published: 2021-01-28 09:21 am
India invites investors to help develop manufacturing hub
abcnews.go.com

NEW DELHI -- India’s prime minister on Thursday invited foreign investors to take advantage of the country’s $26 billion incentive-linked program and help the country become a manufacturing hub.

India will need an investment of $ 4.5 trillion by 2040 to develop its vast infrastructure, Prime Minister Narendra Modi told business and political leaders in a virtual talk organized by the World Economic Forum.

He identified electric mobility, clean energy, oil and gas pipelines, airports and mobile manufacturing as some of the areas that might be attractive to foreign investors.

The WEF annual meeting is being held online this year due to the pandemic, instead of the in-person event that normally takes place in Davos, Switzerland.

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