PPI Institute delegation praises pace of economic reforms in India

ANI | Updated: Nov 06, 2017 19:30 IST

New Delhi [India], November 6 (ANI): A delegation from the Pacific Pension and Investment (PPI) Institute, which met Prime Minister Narendra Modi on Monday, praised the pace of economic reforms in India, and emphasized the growth potential that exists in the country.

The PPI delegation led by its President, Lionel C. Johnson, discussed various aspects of the economy such as Foreign Direct Investment and Goods and Services Tax during the meeting.

Prime Minister Modi highlighted various possibilities for investment in India to the delegation.

He spoke of the recent reforms and steps taken for ease of doing business.

Prime Minister Modi said the rising aspirations of India's people, along with robust economic fundamentals, represent a significant opportunity for investment.

He emphasized on the potential of investment in the renewable energy and organic farming sectors.

Prime Minister Modi appreciated the fact that the PPI Institute holds the funds that it is investing, as a trustee, and added that this concept of trusteeship is well understood in India, and was even articulated by Mahatma Gandhi. (ANI)