'Red carpet for global firms to come & establish their presence in India'

New Delhi: Talking about green shoots of economic revival being already visible in India, Prime Minister Narendra Modi on Thursday said Asia's third-largest economy is one of the most open in the world and offers investment friendly, competitive business environment and immense opportunities.

Speaking at the India Global Week 2020, he said: "India remains one of the most open economies in the world. We are laying a red carpet for all global companies to come and establish their presence in India. Very few countries will offer the kind of opportunities India does today."

He listed recent reforms in agriculture as well as those in defence and space sectors to seek global capital.

"We are making the economy more productive, investment-friendly and competitive," he said. "There are many possibilities and opportunities in various sunrise sectors in India."

Reforms in the agriculture sector provide a very attractive investment opportunity to invest in storage and logistics, he said. "We are opening the doors to investors to come and invest directly."

Also, reforms have been brought in the Small, Micro and Medium Enterprises (MSME) sector, which will complement big industries.

"There are investment opportunities in the defence sector," he said, referring to opening up of certain parts of defence manufacturing to the private sector.

Also, there are opportunities for private investment in the space sector. Modi said the talk of global economic revival after the pandemic is often linked to the revival of the Indian economy.