This substantial pledge from the business community highlights the growing confidence in India's potential as a global investment destination. The investments are set to focus on key sectors such as infrastructure, renewable energy, digital technology, and manufacturing, positioning India as a key player in the global economy. This development comes at a time when India's economic reforms and business-friendly policies under Modi’s third term have garnered widespread attention and approval from international investors.
During the event, Modi underscored his government's commitment to fostering an environment conducive to foreign investments. The Prime Minister reiterated his administration’s focus on reforming regulatory frameworks, improving ease of doing business, and enhancing infrastructure to meet the growing needs of a dynamic and expanding economy. Modi expressed optimism about the future, stressing that the government’s reforms are aimed at making India a global hub for innovation and business.
A major announcement from the roundtable was the creation of an 'Invest India' office in Singapore. This strategic initiative is expected to strengthen bilateral economic ties, providing a dedicated platform for facilitating investments and addressing challenges faced by investors. The office will serve as a one-stop solution for companies seeking to invest in India, offering guidance and support through every stage of the investment process.
The roundtable included business leaders from some of the world’s most influential companies, including representatives from sectors such as finance, technology, manufacturing, and renewable energy. These executives praised Modi’s leadership and his government’s efforts to promote sustainable economic development. Many highlighted how the reforms introduced over the last few years have significantly improved India’s investment climate, making the country a preferred destination for global businesses.
Several participants lauded the government’s commitment to transitioning towards clean energy. Renewable energy investments are expected to take center stage, with companies pledging to boost their portfolios in India’s solar and wind sectors. India’s ambitious renewable energy targets, coupled with attractive incentives for green energy projects, have made it an appealing market for global investors looking to make a sustainable impact.
Modi’s push for infrastructure development was also well-received. India’s infrastructure needs have been growing rapidly, driven by an expanding population and increased urbanization. Key projects in transportation, logistics, and urban development have attracted significant interest, with businesses eager to tap into these opportunities. The government’s focus on building world-class infrastructure has been a cornerstone of Modi’s economic agenda, and these latest pledges are seen as a major boost to these efforts.
Digital technology emerged as another key area of focus, with companies pledging substantial investments in India’s burgeoning digital economy. Modi’s 'Digital India' initiative, aimed at enhancing the country’s technological infrastructure and increasing digital access, has attracted attention from global tech giants. With India becoming one of the fastest-growing digital economies, investors are keen to capitalize on the opportunities in areas like fintech, e-commerce, and artificial intelligence.
At the roundtable, Modi emphasized the role of technology in transforming India’s economic landscape. He pointed out that the country’s young and tech-savvy population, combined with government initiatives to support innovation, has created a favorable environment for the digital sector. Businesses expressed confidence that the digital transformation underway in India will unlock vast new opportunities in the years to come.
In his address to the business leaders, Modi also highlighted the importance of manufacturing, particularly in sectors like electronics and automotive. The 'Make in India' campaign, which aims to turn India into a global manufacturing hub, received strong endorsements from participants, with several companies committing to expand their manufacturing operations in the country. These investments are expected to create thousands of jobs and further integrate India into global supply chains.
The roundtable was held as part of Modi’s diplomatic visit to Singapore and Brunei, aimed at strengthening India’s ties with the Southeast Asian region. Singapore has emerged as one of India’s key economic partners, with bilateral trade and investment flows between the two countries growing steadily over the past few years. Singapore is one of the largest foreign investors in India, and the establishment of the 'Invest India' office in the city-state is expected to further solidify this relationship.