FDI in India up 40% in one year, Modi tells Wembley

14 November 2015

Prime Minister Narendra Modi told a London audience that FDI into India has increased by 40 per cent since last year, which shows the increasing global confidence in the country.

"When I talk of FDI, one important aspect is Foreign Direct Investment, but for me it's another most important aspect is First Develop India and we want to move ahead balancing both these things," Prime Minister Modi said while addressing the Indian diaspora at the Wembley Stadium.

Prime Minister Modi also mentioned rupee bonds being issued by the Indian Railways at the London Stock Exchange.

''We have opened the doors for FDI. For the first time, Indian Railways has brought rupee bond to London Stock Exchange," he said.

Prime Minister Modi also talked about railways and electricity in India. "India has to get rid of its problems but India also has to make it modern India, complete India. Railways is an old provision in our country. It has to reach remote areas," the Prime Minister said.

"Now, we want speedy railways. We want railways with good convenience," he added.

He further said that 18,000 villages in India need electricity and assured that they would receive it in the next 1,000 days.

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