India continues to challenge China for the leading position in the Asian region. Not only does India offer facilities for production outsource, but it is also developing infrastructure to boost its economic growth and create more jobs.
Prime Minister of India Narendra Modi revealed a plan to invest 100 trillion rupees (approximately $1.4) in infrastructure. The plan prioritizes the development of logistics and different types of transport. India desperately needs to build new ports and roads. It will improve the domestic supply chain and connect it to the international one. According to experts, it is the logistics that roadblocks the development of infrastructure. Once the problem is solved, India is likely to gain a distinct advantage in the economic confrontation with China.
Also, Narendra Modi added that India will reduce its energy imports and carbon footprint over the next 25 years. By the 100th anniversary of India’s independence, the country will be energy independent, the Prime Minister pledged. He underlined that India will strive to become a global center for clean energy and the largest consumer of “green hydrogen”. Narendra Modi also stated that it was necessary for India to produce its own energy in order to become completely independent. Furthermore, Indian officials are encouraging local manufactures to start using renewable energy. In this regard, companies are trying to attract foreign investors.
