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India Urges German Business Leaders to Invest in Construction

HANNOVER/GERMANY, May 11, 2015 - Indian Prime Minister Narendra Modi called for more investments in infrastructure. Addressing a joint summit meeting of Indo-German business leaders in Hannover, Modi made a strong pitch for investment in constructing 50 million houses in India by 2022.

By Yogender Malik

Prime minister Modi outlined the Indian government’s plan to upgrade airports and railway stations to improve connectivity.  “We are modernizing our railway systems, including signals and railway stations. Similar focus is on upgrading existing airports and putting up regional airports to enhance connectivity to places of economic and touristic importance,” Indian Prime Minister told the gathering.

Narendra Modi at Indo-German Business Summit

Indian Prime Minsiter Narender Modi at Hannover Trade Fair 2015. | Photo: Deutsche Messe

Make in India Poster at Hannover Messe

Make In India - Poster near the Convention
Centre of Hannover Messe. | Photo:
Deutsche Messe

Mr. Modi and German Chancellor Angela Merkel, who toured the India pavilion at the Hannover Messe Trade Fair, which saw a huge participation by Indian companies, stressed on the historic opportunity for German investors to increase their presence in second most populous country on the globe. Currently, Germany ranks eighth among foreign investing countries in India with about 600 Indo-German firms operating in the country.

Technology for everyone

During his Europe visit (Germany and France), the Indian Prime Minister expressed his admiration for European design and innovation capabilities. He emphasized on the Indian government’s intention in investing in innovation and research and development.  Indian Prime Minister also made a strong pitch to make India a manufacturing hub and inviting foreign direct investment into construction projects.
“Both Indian and German companies can come together to work for the benefit of humankind,” said Modi. “Together, they can innovate; technology must be made affordable and be put to use to change the quality of life of the common man.”