Indore, Oct 9 (KNN) Investment worth USD 100 billion has applied for a visa to India, said Prime Minister Narendra Modi adding that it is now up to the states to grab a share of this investment. 

Modi said the Centre and states are not competitors or enemies; they are complementary. 

Addressing the "Invest Madhya Pradesh - Global Investors Summit - 2014" here today, Modi declared that the Centre would stand shoulder to shoulder with all states, irrespective of political affiliation of the state government, to facilitate investment and economic growth. 

He said he wanted the Centre and each state government to work together in the spirit of "one and one - eleven."

Delivering the inaugural address, the Prime Minister said that following his recent summit level interactions with Japan, China and the US, "investment worth 100 billion dollars had applied for a visa to India," adding, it is now up to the states to grab a share of this investment.   

Further, he emphasized that India`s strength is inherent in its states, and if India is to be developed, states must go forward. He said he stands for Team India - a team consisting of the Prime Minister and all Chief Ministers. If this team works together, a lot can be accomplished, he added.

Complementing the Madhya Pradesh Government and Chief Minister for rapid strides in development, the Prime Minister said that the team of Shivraj Singh Chauhan deserves full credit for it.

He said Madhya Pradesh has ample land, good infrastructure, and effective governance; and therefore is an excellent investment destination. He also complimented the state government for quick follow-up action to derive benefit from key policy initiatives of the Centre, such as the "Make in India" vision and defence manufacturing policy.

The Prime Minister said India is a country of youth, and therefore employment is the primary aim of all investment initiatives. 

Ambassadors of 28 countries are present at the summit - which also has nine partner countries. (KNN/SD)