Bringing more FDI means creating more industries: Modi

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Prime Minister Narendra Modi said on Tuesday that bringing in more FDI means creating more industries in the country.

“When we create more industries, we create more employment opportunities. When we create more employment opportunities, we empower the youth to improve his future. When the future of every citizen improves, the future of India and stature of India in the world improves,” he said while addressing the Valedictory function of New India Conclave at Vigyan Bhawan, New Delhi.

“When development is our only aim, we remain sensitive to people’s concerns and aspirations. When we are receptive to people When we remove red-tapes and make policies easier, we bring more FDI,” he said

Despite not having the good fortune to die for the country’s independence, Modi said that “we have certainly had the opportunity to live for nation building and do something for the country.”

Noting that India was once considered to be among the ‘Fragile Five’, he said “Today, we are the fastest growing economy in the world. Powered by the Hundred and Twenty Five Crore People of India, we will grow even faster. As per an international report, poverty is declining in India. Five crore people have gone out of poverty in the last two years.”

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