Modi Invites Kazakh Sovereign Wealth Fund To Invest In Make In India

BANGALORE: Prime Minister Narendra Modi on Tuesday invited resource-rich Kazakhstan's sovereign wealth fund as well as businesses to invest in India's renewable energy, manufacturing and smart city project.

He said businessmen of both the countries can work together in space, cyber security, health and infrastructure, stressing that India-Kazakhstan partnership is a "win-win situation".

Modi, who is on a visit to Central Asia and Russia, made these comments while addressing a round-table interaction with CEOs and business leaders of Kazakhstan and India.

"I believe the sovereign wealth fund and your companies can invest in these sector. They have scope for manufacturing sector which is a big requirement for India," he said.

Observing that the environment has become a big concern for the entire world, Modi said, "India is aggressively trying to deal with this issue. 175 GW renewal energy is being planned. 100 GW in solar and 75 GW in renewal and wind energy.

It is a big ambitious programme offering investment opportunities." The Prime Minister also invited Kazakh businessmen to participate in 'Make In India' initiatives. He invited them to participate in manufacturing sector, especially railways, and Smart City projects.

"We invite you for Make In India. You have raw material, resources and India have youth force. You can participate," he said, adding that the initiative matches "perfectly with President N Nazarbayev's Nurly Zhol programme".

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Source: IANS