India a land of opportunities: Modi

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Inviting investors from UAE, Prime Minister Narendra Modi on Monday (August 17) said India has an immediate investment opportunity of USD 1 trillion and the government will take urgent steps to address concerns of the businessmen from this country and erase “deficit of 34 years”. Modi also said his government has got some problems in legacy and his immediate priority would be to kickstart the things which were stalled by the “indecisiveness and lethargy” of the past governments. “I have got some problems in legacy. I can not take only the good points and leave aside the problems… Some things were stalled due to the indecisiveness and lethargy of the governments (in the last)… It is my priority to kickstart those things,” Modi said while addressing the business leaders from the UAE at the Masdar City. Modi, who is the first Indian Prime Minister to visit UAE in the last 34 years, said India has huge investment opportunities for investors from the UAE in sectors like infrastructure, energy and real estate and urged them to come to invest in India and together make the 21st century ‘Asia’s Century’. The Prime Minister said all major global institutions such as IMF, World Bank and Moody’s agree that India is the world’s fastest growing economy and it has huge development potential.

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