Prime Minister Narendra Modi has, in an exclusive interview with ANI, said that the world's major economies are strongly supporting his government's 'Make in India' initiative.
Prime Minister Narendra Modi has, in an exclusive interview with ANI, said that the world's major economies are strongly supporting his government's 'Make in India' initiative.
"Yes, I am sure that the commitments and agreements will be implemented. We have received a commitment from the Government of Japan for facilitating public and private funding of 3.5 trillion Yen - or approximately 35 billion US dollars - over the next five years; there are agreements with China on two industrial parks and intended investments of 20 billion US dollars; there are investment plans of about 42 billion U. dollars from US companies over the next five years. Russia has proposed to manufacture helicopters in India," Prime Minister Modi said.
"With Australia and Canada, we have signed civil nuclear cooperation agreements, and other agreements to strengthen our energy security. With the United States, we have moved forward in implementation of the civil nuclear agreement and signed a significant partnership agreement to use renewable energy for rapidly expanding rural access to energy. There has been good response from financial institutions, including pension funds from Korea, Canada, Australia and the US. There is a strong support in all major economies for our "Make in India" programme," he added.
Speaking of the country's immediate neighbours – Nepal and Bangladesh – Prime Minister Modi said that his government is working with a spirit of 'mutual benefit', while adding that India will continue its efforts to advance cooperation with Pakistan.
"In the neighbourhood, there has been forward movement on the 5600 MW Pancheshwar project in Nepal, that was stuck for the last 25 years. Similarly, with Bangladesh we have settled the land boundary issue. We are working with a spirit of mutual benefit. There is no question of bullying anyone. Our recent help to Nepal during the natural calamity shows that our approach is brotherly. With Pakistan too, we will pursue our long-standing approach. We will continue our efforts to advance cooperation and connectivity, without compromising our national security," he said.
The NDA Government, which had had taken charge at the Centre on May 26 last year, completed one year in office on Tuesday.
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