India Development News & Foreign Investment Opportunities

Digital technology plays key role, says Modi

PM extends open invitation to investors


PM extends open invitation to investors

Modi and South Korean President Moon Jae-in jointly inaugurating the Samsung manufacturing plant, World’s Largest Mobile Factory, in Noida, Uttar Pradesh.


Digital technology is playing a key role in making the lives of the common man simpler, including through faster and more transparent service delivery, said Prime Minister Narendra Modi at the inauguration of Samsung facility in Noida on 9 July 2018.

He said the expansion of smartphones, broadband and data connectivity, which he described as signs of a digital revolution in India.

He noted Samsung India Electronics Pvt Ltd’s Rs.5,000 crore investment was a significant in the Make in India programme as well as the close relationship between India and South Korea.

Modi also highlighted the Government e-Marketplace (GeM), growth of digital transactions, BHIM App, and RuPay cards.

He said the ‘Make in India’ initiative is not just an economic policy measure, but also a resolve of better ties with friendly nations such as South Korea.

He said that there is an open invitation for businesses across the world, who want to take advantage of the transparent business culture of New India.

He said India’s growing economy, and rising neo middle class, create immense investment possibilities.

The Prime Minister pointed out that India now ranks second, globally, in the manufacture of mobile phones, with the number of mobile phone manufacturing factories which were now 120, up from just two four years ago.

Modi asserted that through this new mobile manufacturing facility, the combination of Korean technology, and Indian manufacturing and software support would provide excellent products for the world.

He described this as the strength, and the shared vision of both countries.

Leave A Reply

Your email address will not be published.