India transforming from passive market to active manufacturing hub: PM Modi to US investors

Addressing the forum of US investors, Modi said: "The pandemic has impacted several things but it has not impacted the aspiration and ambitions of 1.3 billion people. Many reforms are happening over the past months. Work is actively underway on the world's largest housing programs. Rail, road and air connectivity is being boosted."

The Indian PM said that his government is now creating a 'unique digital model' to build a digital health mission.

He said India's foreign direct investment increased even when the global investments declined.

Pitching for US firms' investment in his country, Modi said, " India offers a transparent and predictable tax regime. Our GST is a unified and fully IT-enabled, indirect tax system."

The PM claimed that "India is becoming a hub for investment. The world believes in us."

"1.3 Billion people have embarked in one journey to make Aatma Nirbhar Bharat or Self-Reliant India. Aatma Nirbhar Bharat merges the local with the global. It ensures India's strengths act as a global force multiplier," he said.

"Atma Nirbhar Bharat is about transforming India from being just a passive market to an active manufacturing hub at the heart of global value chains," he said.

He also spoke about the diverse opportunities India offers for foreign investments.

"The road is full of opportunities in both private as well as public sectors. They cover core economic sectors as well as the social sectors. Recent sectors that have opened include coal, mining, railways, defence, space and atomic energy," he said.