Prime Minister Narendra Modi has asserted that India was never a more encouraging destination for investment than it is today. He also highlighted that at present, Indian economy is the world's fastest growing major economy. Therefore, to maintain this pace, he said that their focus is to eliminate the inefficiencies from the system.
The Prime Minister has stated that the government has launched several initiatives to reform the economy and administrative processes. He also said that the government also launched several flagship programmes like Make in India, Startup India and Digital India. Adding further, he said that the government is in the process of building a New India and their focus is on improving ease of doing business by reforming policies, processes and procedures.
In order to develop economic ties with Turkey, Modi has invited Turkish companies to invest in sectors such as rail, ports, airport, textile, auto, energy, tourism and housing. He also said that there is a huge potential and opportunity to boost bilateral engagement. He felt that this is possible through trade and FDI inflows, technology tie-ups and cooperation on various projects. He further highlighted that the bilateral trade between two countries rose to $6.4 billion in 2016 from $2.8 billion in 2008, it is still far behind the real potential.