New delhi sources reported that PM narendra modi called on global investors to benefit from India’s vibrant start-up ecosystem that, stands as the third largest in the world, adding that he firmly believes that any investment in India’s innovation sector would yield huge returns. Meanwhile delivering the keynote address at the high-profile financial summit, Future Investment Initiative (FII), dubbed “Davos in the desert”, Mr modi said, “India is the third-largest start-up ecosystem in the world. Even in Tier-II and Tier-III cities of india, start-ups have come up. Our start-ups have started investing at a global scale.
Furthermore reiterating his government’s commitment to make india a $5 trillion economy by 2024, Mr modi said that as many as 400 million people in india would be trained in different skill in the coming three-four years under the Skill india initiative. He said “This will provide assured skilled manpower to companies investing in India”. Further hailing Saudi Crown prince Mohammed bin salman as his “brother and friend”, Mr modi praised the Saudi Aramco company for its decision to invest in the West Coast oil Refinery in india, which he said will be “Asia’s biggest oil refinery” and added that india aims to invest $100 billion in refining, pipelines and gas terminals by 2024.
Moreover PM modi told the audience that in his childhood he had “sold tea on a platform” and had lived in poverty. He spoke about the initiatives of his government, like building toilets, which he said, had given dignity to the lives of the poor.
