At the 18th Asia-Pacific Conference of German Business 2024, Prime Minister Narendra Modi made a compelling invitation to German businesses to invest in India, proclaiming that there is no better place for investment than India at this moment. He stated that now is the ideal time to join India's remarkable growth trajectory. The prime minister's address aligned with the overarching goal of the 'Make in India' initiative, which seeks to transform India into a manufacturing powerhouse not just for domestic needs but to 'make for the world.'

During his speech, Prime Minister Modi outlined the strong foundation upon which India's emerging economy is built. He referred to the core strengths of the country—democracy, demography, demand, and data—that collectively support India’s ascent as a global trade and manufacturing hub. This robust framework not only offers opportunities for investment but also assures investors of a favorable business environment conducive to growth.

In acknowledging Germany's growing confidence in India's capabilities, Modi highlighted a significant policy shift that will see the number of work visas for Indian professionals in Germany rise from 20,000 to 90,000. This increase signifies a deepening of bilateral ties and reflects Germany’s recognition of India's skilled workforce, which is pivotal in sectors such as technology, engineering, and manufacturing.

Moreover, Prime Minister Modi emphasized that India is currently making record investments in infrastructure, encompassing essential sectors like roads and ports. These developments are crucial for enhancing the country’s economic framework, making it increasingly attractive for foreign investment. By improving infrastructure, India is not only facilitating smoother trade but also positioning itself as a key player in the global economy.

The prime minister also stressed the strategic importance of the Indo-Pacific region, indicating its central role in shaping the future of global trade and commerce. He invited foreign investors to seize the opportunity to be part of India's economic journey, underscoring that their participation will contribute significantly to both India's growth and the broader prosperity of the region.

As India continues to foster an environment ripe for investment and innovation, the call to action for German businesses stands as a testament to the country’s commitment to enhancing its position on the global economic stage. For those interested in exploring more about investment opportunities in India and the latest developments in the financial landscape, visit our Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News for comprehensive coverage.

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