Narendra Modi Germany visit: In a series of tweets on Prime Minister’s Office (PMO) handle today PM Modi heaped praise on Chancellor Angela Merkel and called her an ‘enlightened leader’. PM Modi indicated that Germany was one of India’s most important partners both bilaterally and in the global context. PM also said that there was tremendous potential when it came to economic collaboration between both countries. He said, “Our economic partnership is still below its full potential”. PM Modi further added that with the ambition to help German companies in India, the Indian government had put in place a fast-track mechanism through which a number of issues have been resolved.
Prime Minister Modi also spoke about the “Make in India” initiative and said that through it, the government was committed to transforming India into a major player in the global value chain. PM Modi also informed about the implementation of a strategic entry support Programme since September 2015 called the Make in India Mittlestand (MIIM). He also informed about another ongoing and successful programme between both the countries by the name of Indo-German Managers Training Programme.
PM Modi at Indo-German Business Summit in Berlin https://t.co/jXi84lL8wp
— ANI (@ANI_news) May 30, 2017
The Prime Minister further added that India had emerged as the fastest growing economy in the last 3 years with a GDP growth rate of over 7%. He said that the government’s emphasis has been in the reduction of government role and enhancing governance at the same time. He said, “The trend of reforms is spreading fast to all the states”. PM expressed his happiness at future prospects and said that when he had spoken in April 2015, India’s reform process had just started and now his government had completed a sizeable part of it. He concluded by informing that India had one of the most liberal FDI policy regimes in the world.