India is a changed country now, its a global manufacturing hub: Modi

“India is now a changed country. Our regulatory regime is much more transparent, responsive and stable. We are taking a long-term and futuristic view on the issues,” said Prime Minister, Narendra Modi in his address to German investors.

He also told top German businessmen and industrialists not to go by “old perceptions” but to come to India and feel the change in the regulatory environment.

Modi’s invitation to investors to support his “Make in India” initiative came at the inauguration of the Indo-German Business Summit at the Hannover Fair where he and Chancellor Angela Merkel opened the India Pavilion.

“We are confident that our journey to make India a global manufacturing hub cannot be stopped that too by our own rules and regulations. We must and will make corrections wherever they are required. The project of Make in India will ensure great results from India to the world,” Modi said to the cheers of the gathered audience that included top CEOs of companies in both the countries.