CEOs laud PM Modi for creating positive environment globally

Multinational conglomerate Welspun Group chairman B.K. Goenka on Saturday said that Prime Minister Narendra Modi has created a positive environment globally, dubbing him a great ambassador for 'Brand India'.

"A positive environment has been created globally by the Prime Minister which is very important. Brand India is moving forward and Prime Minister is a great brand ambassador," Goenka told ANI.

Goenka asserted that with Prime Minister Modi's visit to China, the Indo-China relation will grow and the trade deficit will shrink.

Meanwhile, India China Petroleum Pipeline Bureau CEO Tribhuvan Darbari said India and China has a huge market space.

"India and China has a huge market. With our Prime Minister's assurance I think feeling of trust has come up in a big way," Darbari said.

Earlier in the day, CEOs of a number of Chinese firms pledged their 'full support' to Prime Minister Modi's 'Make in India' initiative.

Prime Minister Modi devised a '5F Formula' for the Chinese businessmen in the process of inviting them to 'Make in India': 'from farm to fibre to fabric to fashion to foreign'.

Twenty two Chinese business tycoons were present for the interaction, including PowerChina chairman Yan Zhiyong, Xiaomi president Lin Bin, Huawei chairman Sun Yafang, Alibaba chairman Ma Yun, Harbin Electric chairman Zou Lei, Shangri-La Asia Limited chairman Kuok Khoon Chen and Sany chairman Liang Wengen, among others.

More than 20 agreements were signed between Indian and Chinese firms.

Prime Minister Narendra Modi is currently in Shanghai, the final leg of his trip to China. In the evening, he is scheduled to depart for Ulan Bator.