Modi said India is among the "most open" countries for foreign investments with the latest round of FDI reforms, asserting, at this point of time, it is "wiser to be in India."
Stating that he is personally eager to work with the British Government and companies, Modi vowed "my personal care in making your dreams a reality."
Modi was speaking before a business audience at the historic Guildhall in the heart of the city of London's financial district on the first day of this three-day visit to the UK--the first by an Indian Premier in 10 years.
"Necessary conditions for take-off of the Indian economy have been created. Never before, India was so well prepared to absorb talent, technology and investment from outside. I can assure you that it will get better and better in the coming days.
"We will be open to welcome your ideas, innovations and enterprises. We are open to carry out necessary corrections in our policies and procedures," he said.