India has ended regulatory uncertainty and is creating a policy driven state: PM Modi
Updated: Nov 23, 2015 04:46:03pm
Kuala Lumpur, Nov 23 (KNN) India has ended regulatory uncertainty to a large extent and is creating a policy driven state, Prime Minister Narendra Modi said.
"We have ended regulatory uncertainty to a large extent, creating a policy driven state," Modi said, while meeting the corporate heads of Malaysia.
"I assure you that India wants to progress. You have the experience and expertise. We have the requirement. It is a perfect match," he said.
Modi added that India was now the fastest growing economy in the world, and with a stable polity offered ample scope for investment.
Earlier in the day, while addressing the media in a joint press conference along with Malaysian Prime Minister Dato Sri Najib Tun Razak, Modi said India and Malaysia’s trade and investment relations can be scaled up significantly, he said adding, “We intend to exploit the full potential of our bilateral agreements and the India-ASEAN Agreements.”
He said that the two sides are looking forward to an early conclusion of the Regional Comprehensive Economic Partnership Agreement.
Malaysian competence in infrastructure is well known. Malaysia has completed several important projects, including in the road sector, in India.
“I expressed our desire to see enhanced Malaysian participation in areas such as expansion and upgrading of infrastructure, Make in India, and Smart Cities projects,” he said.
“Indian companies have a strong presence in Malaysia. IRCON is contributing to development of rail infrastructure here. We want to raise the level of Indian presence in the Malaysian economy,” Modi said. (KNN Bureau)
"We have ended regulatory uncertainty to a large extent, creating a policy driven state," Modi said, while meeting the corporate heads of Malaysia.
"I assure you that India wants to progress. You have the experience and expertise. We have the requirement. It is a perfect match," he said.
Modi added that India was now the fastest growing economy in the world, and with a stable polity offered ample scope for investment.
Earlier in the day, while addressing the media in a joint press conference along with Malaysian Prime Minister Dato Sri Najib Tun Razak, Modi said India and Malaysia’s trade and investment relations can be scaled up significantly, he said adding, “We intend to exploit the full potential of our bilateral agreements and the India-ASEAN Agreements.”
He said that the two sides are looking forward to an early conclusion of the Regional Comprehensive Economic Partnership Agreement.
Malaysian competence in infrastructure is well known. Malaysia has completed several important projects, including in the road sector, in India.
“I expressed our desire to see enhanced Malaysian participation in areas such as expansion and upgrading of infrastructure, Make in India, and Smart Cities projects,” he said.
“Indian companies have a strong presence in Malaysia. IRCON is contributing to development of rail infrastructure here. We want to raise the level of Indian presence in the Malaysian economy,” Modi said. (KNN Bureau)
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