Rely on Modi’s India, Ambani unveils $16.5 billion investment

Upping the stakes in the India growth story, India’s billionaire tycoon Mukesh Ambani unveiled plans for mammoth $16.5 billion (Rs 1,00,000 crore) investments across diverse sectors, and projected that India was on the path to become the world’s fastest growing economy.
The investments will be focused on expanding the RIL petrochemical production capacity and launching the 4G broadband services, which will provide a big boost to Prime Minister Narendra Modi’s pet projects, including Make in India and Digital India initiatives.
Speaking at the 7th Vibrant Gujarat Summit here, the biggest investor conclave being held in India since the Modi government took charge in May 2014, Mr Ambani, the world’s richest energy billionaire and India’s richest man, underlined that “India is marching forward with a clear vision to emerge as global power even when as most of the world is struggling with low growth.”

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With economy on rebound, Modi set for G20 summit debut

Eight summits and six years after it was born in the aftermath of the 2008 global financial crisis, the upcoming G20 summit in Brisbane, Australia, could be a milestone in fructifying some key initiatives to restore global economic growth and create the much-needed equilibrium in the global economic order.
For India, there will be a lot riding on how some of the expected outcomes shape up in the G20 joint declaration on November 16. Growth and job creation will be the twin focus of India’s business-friendly Prime Minister Narendra Modi, for whom the Brisbane summit will be his first G20 experience as well as his first major global outing with leaders of the world’s most advanced and emerging economies.
At a time when the economic growth across the world remains uneven and show stark asymmetries, India is going to the Brisbane summit on a high note, with a clear message that India will contribute substantially to the global economic growth in the years to come, and hence it makes sense for the world to be on the side of the India story and global economic resurgence.

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Modi’s ‘Make in India’ global outreach plan set for take-off

With an aim to enhance India’s reputation as a manufacturing hub and a business-friendly country, India’s Prime Minister Narendra Modi is expected to launch the ‘Make in India’ campaign ahead of his maiden trip to the US.

This initiative, set for launch in New Delhi on September 25, seeks to showcase India as a global hub for a wide range of products and services. On this score, the Indian government has identified 25 priory sectors that it will focus on and these include ‘Make in India-Pharma’, ‘Make in India-Auto Component’ and ‘Make in India-Bio-Tech’ among others.

The campaign will also push for policy reforms that will make it easier for prospective investors from across the world to explore, start and conduct business in India. The World Bank in its report ‘Doing Business 2014’ has ranked India 134 among the 189 economies.

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Business Diplomacy: Modi set for power breakfast with top US CEOs

B for Business, and India’s Prime Minister Narendra Modi surely means business as he braces to unleash a charm offensive at a breakfast with top American CEOs in New York.

In his forthcoming visit, business diplomacy will be high on Mr Modi’s agenda as he looks to drum up support from corporate America for partnering in his development agenda for India.

Making India a more business-friendly nation has been a key priority for the new administration in Delhi, and this attitude will be showcased to America’s corporate elite.

Before he heads to Washington for his first meeting with US President Barack Obama, it will be business from the word go as Modi is scheduled to meet a select group of 10 American CEOs for a breakfast meeting in New York.

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