Innovations in India are not only cost effective but best in quality: PM Modi in Japan

New Delhi, Oct 29 (KNN) Solutions or innovations taking place in India are not only cost-effective but the best in quality, said Prime Minister Narendra Modi.

Modi, who arrived in Japan on Saturday to attend the 13th India-Japan annual summit, detailed India's economic and technological growth during his four-year tenure. 

He said “India is going through a massive transformative phase and international agencies say the country will drive the growth of the global economy in the coming decade.”

Invited the Indian community in Japan to contribute actively in building a "new India", Modi said that India is continuously working with the spirit of Indian solutions-global applications.”

He said that India's model of financial inclusion, especially JAM (Jan Dhan Yojana, Mobile, Aadhar) trinity and digital transaction model, is now appreciated all over the world. 

He hailed the expanding network of telecommunications and internet in the country. 

He further added “Today India is making tremendous progress in the field of digital infrastructure. Broadband connectivity is reaching villages, over 100 crore mobile phones are active in India. 1 GB is cheaper than a small bottle of cold drink. This data is becoming the tool for service delivery.”

Speaking about 'Make in India' initiative, Modi said the initiative has emerged as global brand. 

"We're manufacturing quality products not only for India but for the world. India is becoming a global hub, especially in field of electronics and automobile manufacturing. We're rapidly moving towards being no 1 in mobile phones manufacturing," he added.

Also, he interacted with top business leaders from India and Japan at Business Leaders Forum.

He said that inputs offered at the Forum will propel India to achieve global benchmarking and urged Japanese businessmen to engage more with India.

Modi said India is becoming one of the fastest growing big economies due to the development taking place in the country.