India is now a good investment destination: Modi

Kuala Lumpur: Prime Minister Narendra Modi on Wednesday invited Asian corporates to invest in India saying it is an opportune time for business to invest in the country.

“India is not only a good destination. It’s always a good decision to be in India. We welcome those who are not in India so far,” Modi said through videoconferencing at the Economic Times Asian Business Leaders Conclave here.

“This is a time for integration, at the level of economy also, we are among the most open and integrated economies,” Modi said.

Listing some of his government’s reform measures to transform the Indian economy, the Prime Minister also mentioned the recent
demonetisation drive that has impacted economic activity in the past one month.

“We are now moving towards a digital and cashless economy. Presently, cleaning the system from black money and corruption is very high on my agenda,” he said.