Will make corrections where required: Modi to investors

Making an all-out bid to woo German investors, Prime Minister Narendra Modi today promised to make "corrections wherever required" to make India a global manufacturing hub saying it cannot be stopped by "our own rules and regulations".

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 pitch for attracting foreign investors to boost 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 Pavillion.

"At the end, it is my advice to you to come and feel the change in India’s regulatory environment. Please do not go by old perceptions.

"Make In India is a need...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," Modi said to the cheers of the gathered audience that included top CEOs of companies in both the countries.

"Once again I invite you to India. I assure you of my personal attention in your success while you are in India," he said.

Earlier, inaugurating the India Pavillion, Modi said at the India has a huge potential to become a global manufacturing hub and invited the whole world to partner with the fastest growing economy in this endeavour. 

Image: German Chancellor Angela Merkel, welcomes Prime Minister Narendra Modi, as a traditional Indian music group performs at the opening of the industrial fair in Hanover, Germany.

Photograph: PTI