India is becoming the biggest hub for diversification and de-risking: PM Modi
Narendra Modi said that this is the right time to invest in India as the country is becoming the biggest hub for diversification and de-risking. He said this while addressing the 14th India-France CEO Forum in Paris.
At the 14th India-France CEO Forum in Paris, Modi said this is a confluence of the best business minds of India and France. «I welcome the report of the Summit presented just now. I see that all of you are working with the mantra of innovate, collaborate and integrate. You are not just building connections, you are also strengthening the India-France strategic partnership...This morning we co-chaired an AI Action Summit together. I heartily congratulate President Macron on this successful Summit.»
India has set a target of achieving 100 GW of nuclear power by 2047. «This will be opened for the private sector. We are opening the civil Nuclear domain for private sectors. We are focusing on Small Modular Reactors SMR and Advanced Modular Reactor (AMR). This is the right time to come to India,» he added. The Prime Minister said that today India is rapidly becoming a preferred global investment destination
Earlier in a subtle message to diversify from Chinese-dominated supply chains, external affairs minister S Jaishankar Tuesday said de-risking the global economy has become even more urgent as he called upon corporate leaders of India and France to build resilient and reliable supply chains.
“We need more diversified production, resilient and reliable supply chains, and deeper business collaborations.
