Modi Advocates Global Investment in Mobility Sector

At the Bharat Mobility Global Expo, Prime Minister Narendra Modi urged global investors to tap into India's growing mobility sector, highlighting the government's unwavering support and commitment to reforms. He noted that India's auto industry, which grew by 12% last year, is fueled by a youthful population and increasing urbanization. Modi emphasized the importance of the 'Make in India' initiative and pointed to the potential for electric vehicles (EVs), which he anticipates will see an eightfold increase in sales by the end of the decade. He also mentioned advancements in green technology, including solar energy and battery storage systems, as critical areas for investment. Modi expressed confidence that the country's automotive framework will bolster both economic growth and ecological sustainability. The Prime Minister's remarks come as India positions itself as a prime destination for foreign investments in the auto sector.