World looking to India for investments, says Venkaiah Naidu

Hyderabad, Sep 28 (IANS) Parliamentary Affairs Minister M. Venkaiah Naidu on Monday said the whole world was watching India for investments and appealed to the opposition to cooperate in passing of pending economic reforms legislation in parliament.

Describing Prime Minister Narendra Modi’s visit to the US as a new milestone, he said that the world sees Modi as a maker of developed India and claimed that confidence among people is growing by the day.

Addressing a news conference, Naidu described Modi as reformer, performer and transformer. “This is something unique in his leadership,” he said.

Stating that there is a need for more reforms to speed up the economic development, the minister urged the opposition parties to cooperate in passing the bills related to economic reforms pending in parliament.

“I appeal to the opposition to come together and seize the opportunity to take country to further heights in the backdrop of massive response the PM is getting in the US,” he said.

The minister said with more reforms, the country’s economy will become stronger and more investments will come in, providing more employment opportunities for younger generation.

“Chinese economy is slowing down, giving India plenty of opportunities. We should avail this opportunity and strengthen the economy,” he said, adding Modi’s programmes like Make in India, Skill India, Digital India and Clean India were getting worldwide attention.

Referring to the prime minister’s meetings in Silicon Valley, he said the world technology giants had promised help for these programmes.

Naidu, who also hold the urban development portfolio, referred to the announcements made by some top companies and said this would give big push to the technology sector, spur the economic development, and create lakhs of jobs for the youth.

He noted that Google announced help to provide Internet broadband through WiFi at 500 railway stations and enable typing in 10 Indian languages, while Microsoft will take broadband technology at low cost to 5 lakh villages across India and chipmaker Qualcomm will invest $150 million for Indian startups in the mobile internet and Internet-of-everything ecosystem.

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