India most secured destination for overseas investment: Geete

Given the current global scenario, India is the most secure destination for overseas investors to pour in funds, Union Minister Anant Geete said today.
He recalled that overseas investors signed agreements worth a whopping Rs 3 lakh crore with the Government and domestic private firms during the Make in India Week in February, in Mumbai.
"A few months ago the Make in India and Make in Maharashtra week were celebrated. During that period foreign investors signed MoUs worth Rs 3 lakh crore with the Government as well as the private sector," the Heavy Industries Minister said at a conference here.

The Minister observed that given the current global scenario, India is the most secure destination for overseas investors to pour in funds.
Addressing the 4th Fraunhofer Innovation and Technology Platform here, the Minister invited the German organisation to establish its 68th institute in India, promising to allot land for the same in whichever state it desires.
The Fraunhofer-Gesellschaft is the largest organisation for applied research in Europe. At present, it maintains 67 institutes and research units in Germany.