This post is also available in:
简体中文 (Chinese)
Indian Prime Minister Narendra Modi promoted India’s economic prospects at a business summit, and Maruti Suzuki and Adani announced investment plans worth nearly US$30 billion.
Modi said India is a young and talented powerhouse, a technology hub and a democracy that delivers results, predicting that India will become the third largest economy in a few years. The summit focused on raising funds for chip and electric vehicle manufacturing in India.
Maruti Suzuki has committed to invest $4.2 billion to build a second car factory in Gujarat. Billionaire company Adani plans to invest $24 billion in renewable energy in the state over five years. Tata Group plans to build semiconductor manufacturing plant and 20 GW battery storage plant in Gujarat.
Before the summit, Gujarat signed preliminary investment agreements of US$86 billion with 58 companies.
(Source: Reuters Image source: freepik)
