New Delhi, May 21: Prime Minister Narendra Modi’s recent five-day tour has successfully attracted approximately $40 billion in investments for India, with several global companies pledging new investments and expansion across various sectors in the country, as reported by officials.
During this tour, PM Modi held meetings with CEOs and senior representatives from over 50 multinational companies operating in sectors such as semiconductors, logistics, infrastructure, and technology. The combined market value of these companies is estimated to be between $2.7 trillion and $3 trillion, reflecting the extensive participation of global firms during this visit.
Many of these companies already have a strong presence in India, with their total investment and business in the country estimated at around $180 billion. According to officials, several companies plan to expand their operations to take advantage of India’s robust economic growth and increasing domestic consumption.
One of the key announcements during the tour was that the United Arab Emirates (UAE) has committed to approximately $5 billion in new investments in India. Officials noted that the total estimated value of new investment commitments and proposed business expansion plans discussed during the tour is around $40 billion.
PM Modi’s tour included visits to five countries: the UAE, Netherlands, Sweden, Norway, and Italy, during which India signed several agreements and strengthened ties with multiple nations.
During the visit, India and the Netherlands unveiled a strategic partnership roadmap focused on trade, defense, semiconductors, AI, and green hydrogen. India and Sweden also agreed to elevate their bilateral relations to a strategic partnership level, while PM Modi participated in the third India-Nordic Summit in Norway, holding bilateral meetings with Nordic leaders.
Additionally, following talks between PM Modi and Italian Prime Minister Giorgia Meloni, Italy and India established a special strategic partnership.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
