'India Has Huge Potential to Become a Global Manufacturing Hub'


Prime Minister Narrendra Modi here on Monday said India has a huge potential to become a global manufacturing hub. Modi invited the whole world to come to India and increase their partnership with the country and make use of the opportunities India offer to scale new heights of success.

"The entire world is looking at India. Demography, democracy and demand are attracting the world to India," Modi said as he along with German chancellor Angela Merkel inaugurated the 'India Pavilion' at the Hannover Messe, the world's largest industrial fair.

Modi said, "Not only Germany, the whole world is looking at India." India is the partner country at the fair.

"Low-cost manufacturing, efficient governance and no-defect manufacturing makes India a global engine in the manufacturing centre," he said, adding there is a huge potential of India becoming a manufacturing hub.

"All kinds of rating agencies of the world are saying India is the fastest growing economy," he said.

Merkel said she was impressed with what India is showcasing at the fair.

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Diplomatist Magazine was launched in October of 1996 as the signature magazine of L.B. Associates (Pvt) Ltd, a contract publishing house based in Noida, a satellite town of New Delhi, India, the National Capital.