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India To Pitch For Higher Foreign Investment

Prime Minister Narendra Modi will pitch for higher foreign investments into India riding on the economic reforms of the past three years, and will also outline Delhi’s vision of an inclusive and rules-based world order amid China’s One Belt One Road initiative when he addresses the 21st edition of the St Petersburg International Economic Forum (SPIEF) on June 2.

India is the guest country at this edition of SPIEF — dubbed as Davos of Eurasia — and Prime Minister Modi is the guest of honour at the Forum, coinciding with 70 years of creation of diplomatic ties between India and Russia. Modi and Russian President Vladimir Putin will jointly address global business leaders and a political audience of over 5000 at the SPIEF.

This is the first time India will be the guest country at the Forum where the UN Secretary General will also be present.

Trying to attract further foreign investments for the flagship projects, Modi will also highlight economic achievements under his government, including key reforms such as the GST in the past three years, at the Forum. This year, the SPIEF will convene under the theme ‘Achieving a New Balance on the Global Stage’.

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