NEWS PM INVESTMENT SAUDI
RIYADH: Prime Minister Narendra Modi has invited Saudi business firms to invest in the energy sector in India, saying the government has set a target of $100billion investment in the sector for the period until 2024. The PM was addressing a session at the Future Investment Initiative 2019 here.
Modi said India aims to be a offers a huge investment opportunity in the infrastructure sector also as he emphasised that the country aims to be a $5 trillion economy in the next five years. In the infrastructure sector alone, the government aims to have an investment of $1.5 trillion in the next five years.
“India is focusing on skill development by skilling and re-skilling people and 400 million people would be provided training in the next 3-4 years. Manpower and talent mobility should be included in international agreements, which should not be only restricted to goods. He also said the direct benefit transfer scheme has helped the government save $20 billion. — Agencies, IHN-NN
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