Come Soon Before It's Too Late, PM Narendra Modi Tells U.S Businesses

WASHINGTON: Asserting that India is on the move to becoming a country with a business-friendly environment, Prime Minister Narendra Modi has exhorted top U.S corporates to establish and expand their base in India before it is too late.

"Take the benefit of the fast paced development and changes in the Indian economy," Modi said in his address to American businesses urging them to take advantage of India's growing economy to foster mutual prosperity.

"Together we will reach new heights of development and growth," Modi said at the event organised by the US-India Business Council (USIBC). I invite you all. I invite you all for 'Make in India'," he added.

Referring to a speech he made to the business community in the 2009 Vibrant Gujarat Summit, he said, "At that time, I had said that do not delay (in coming to Gujarat), the queue might be too long too soon and you might be left behind".

"Today I am saying the same thing with confidence- that the queue would be too long too soon," Modi said, in the last engagement of his five-day visit to the U.S.

Among those present at the meeting were World Bank President Jim Yong Kim, External Affairs Minister Sushma Swaraj, and several top corporate leaders from both the U.S and India, including Mukesh Ambani.

USIBC chairman, Ajay Banga, who is also MasterCard CEO, said India under Modi is experiencing a new chapter of growth.

And encouraged by the steps taken by the new Indian government in its first three months, the USIBC has identified upwards of $41 billion slated for investment from members over the next two to three years, he said.

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