Prime Minister Narendra Modi on Tuesday urged global businesses to back Indian startups, saying they will fetch the best possible returns for their capital. In a speech in Riyadh, he also pitched for greater mobility of workforce across borders so that nations can make the best use of emerging opportunities.
Modi, delivering the keynote address at the third Future Investment Initiative (FII) forum in Riyadh, pointed to the emerging trends, which he said nations and investor should take note of, so that they do not miss the tide of opportunities. Modi described the forum, which is widely seen as the most important economic forum in West Asia, as the “Davos of the desert”.
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He said India will work with Saudi Arabia in its efforts to diversify its economy, and India’s healthcare, energy infrastructure and startups offered big opportunities for global businesses.
Source: livemint
