Finance & Economy | News & Insights

Prime Minister Narendra Modi Urges Global Investors to Tap Opportunities in India’s Sunrise Sectors

Published: January 11, 2024
Author: TEXTILE VALUE CHAIN

Prime Minister Narendra Modi called on global investors to explore the potential in India’s emerging sectors during his visit to Gujarat on Tuesday. Speaking on the eve of the Vibrant Gujarat Global Summit, Modi emphasised the opportunities in sectors like semiconductors, green energy, automobiles, and infrastructure. He engaged in discussions with top global CEOs, including representatives from Suzuki Motor, Micron Technology, and AP Moller, to discuss their concerns and explore investment possibilities.

During his meeting with Toshihiro Suzuki, Representative Director and President of Suzuki Motor, Modi reviewed Maruti Suzuki’s plans to strengthen India’s position in the global automotive market. Maruti Suzuki aims to export Made in India vehicles and adopt best practices in vehicle scrapping and recycling. Additionally, discussions with Sanjay Mehrotra, president and CEO of Micron Technology, centred on enhancing India’s semiconductor manufacturing ecosystem. Micron Technology has commenced construction of a $2.75 billion semiconductor factory in Sanand, which is set to be operational by December 2021.

Furthermore, Modi met with Ahmed bin Sulayem, CEO of DP World, to discuss investment plans focused on creating sustainable and energy-efficient ports, as well as world-class logistic infrastructure.

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