India receiving record FDIs, forex reserve at an all-time high: PM Modi

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India receiving record FDIs, forex reserve at an all-time high: PM Modi

New Delhi :Prime Minister NarendraModi on Wednesday said that India is receiving record foreign direct investments (FDIs) and the country’s forex reserve is at an all-time high. Speaking at an annual session of the Confederation of Indian Industry (CII), PM Modi said Indian start-ups have the same level of self-confidence as displayed by Indian athletes and sportspersons at Tokyo Olympics.“When today's youth of India come out on the field, they don't have any hesitancy in their minds. They want to work hard and take risks. They want to yield results. Yes, we belong to this place - we see this emotion in our youth today,” he said.PM Modi highlighted the collaboration between the government and the Indian industries to make available face masks, PPE kits, and other essential supplies need to fight the coronavirus disease (Covid-19) pandemic. Citing the reports of "record hiring" in the IT sector, the prime minister said it was only possible due to the growth of digitisation and demand

"Today's new India is ready to walk with the new world. India, which was once apprehensive of foreign investment, is now welcoming all types of investment," PM said.

The theme of the two-day session of the CII, which will be held on August 11-12, is 'India@75: Government and Business working together for Aatmanirbhar Bharat'.

Singapore's deputy prime ministerHengSweeKeat will address the session as Special International Guest Speaker. The event will also witness participation from ministers, senior officials, academics and prominent representatives of Indian industry.