Home » World News » Increase in FDI shows global trust in India: Narendra Modi at Wembley

Increase in FDI shows global trust in India: Narendra Modi at Wembley

News Agencies | Updated on: 14 November 2015, 9:27 IST

Talking about the Foreign Direct Investment (FDI), Prime Minister Narendra Modi today said that FDI into India has increased by 40 percent since last year which shows the increasing global confidence in the country.

"When I talk of FDI, its one important aspect is Foreign Direct Investment but for me its another most important aspect is First Develop India and we want to move ahead, balancing both these things," Prime Minister Modi said while addressing the Indian diaspora at the Wembley Stadium in London.

Prime Minister Modi also mentioned Rupee bonds being issued by the Indian Railways at the London Stock Exchange.

"We have opened the doors for FDI. For the first time, Indian railways has brought rupee bond to London stock exchange," he said.

Prime Minister Modi also talked about railways and electricity in India.

"India has to get rid of its problems but India also has to make it modern India, complete India. Railways is an old provision in our country. It has to reach remote areas," the Prime Minister said.

"Now, we want speedy railways. We want railways with good convenience," he added.

He further said that 18000 villages in India need electricity and assured that they would receive it in the next 1000 days.


First published: 14 November 2015, 9:27 IST