Prime Minister Narendra Modi on Tuesday said that the sentiment of private investment has turned positive in the recent years and that's why the government has liberalised the Foreign Direct Investment (FDI) regime in order to enhance the flow of foreign investments.
"The sentiment of private investment and inflow of foreign investment has turned positive. To enhance the flow of foreign investments we have liberalized the FDI regime," said Prime Minister Modi at the Indo-German Summit 'Digitising Tomorrow' organised by Fraunhofer India and NASSCOM.
"We are aware that domestic financial resources are not sufficient to meet our needs, therefore we need the flow of foreign investments. We are keen to build futuristic infrastructure. We are setting up an India Investment and Infrastructure Fund of Rs 20,000 crores (2.57 billion Euros) from our own resources," he added.