Political stability makes India attractive investment hub: PM in UAE

The Asian Age.

India, Politics

PM Modi is on the second leg of his three-nation visit -- France, UAE and Bahrain.

'Political stability, predictable policy framework makes India attractive investment destination,' PM Modi said while interacting with NRI business community in UAE. (Photo: Twitter)

New Delhi: While interacting with the NRI business community in UAE, Prime Minister Narendra Modi on Saturday hailed  India as one of the most desired investment destination because of ''political stability'' and ''predictable policy framework''.

PM Modi also thanked the community members, saying they have made a vital contribution to India's economic growth.

Highlighting economic opportunities in India, he said that the government policies promote growth, generate employment avenues and boost 'Make in India'.

"We also see to it that investors get good returns on their investment," the Prime Minster said.

PM Modi reached UAE capital Abu Dhabi from Paris on the second leg of his three-nation tour to France, UAE and Bahrain.

During the visit, PM Modi will discuss bilateral, regional and international matters of mutual interest with the Crown Prince of Abu Dhabi, Sheikh Mohammed bin Zayed Al Nahyan, and also formally launch RuPay card to expand the network of cashless transactions abroad.

"Reached Abu Dhabi. Looking forward to holding talks with His Highness Crown Prince @MohamedBinZayed and discussing the full range of friendship between India and UAE. Deepening economic relations will also be on the agenda during this visit," PM Modi tweeted.

He will also receive the ''Order of Zayed'', the highest civilian decoration conferred by the UAE government.

From Abu Dhabi, PM Modi will visit Bahrain where he will hold talks with King Shaikh Hamad bin Isa Al Khalifa and also witness the formal beginning of the re-development of the temple of Shreenathji -- the oldest in the Gulf region before returning to France on Sunday to attend the G7 Summit meetings.

PM Modi's visit to Bahrain is significant as it will be the first visit of an Indian Prime Minister to the country. He would also meet and interact with the Indian diaspora during the visit.

Earlier in the day, PM Modi held bilateral meeting with his French counterpart Edouard Philippe and discussed issues of bilateral and mutual interests to further boost the comprehensive strategic partnership.

He also met UNESCO Director General Audrey Azoulay and addressed the Indian community at the UNESCO headquarters after inaugurating a memorial at the foothills of the Mont Blanc mountain in the honour of the victims of two Air India crashes in France in 1950s and 1960s in which several Indians, including Homi J Bhabha, regarded as the father of India's nuclear programme, were killed.