The Chairman of the Caparo Group said there is no decline in Modi's "determination".
"Prime Minister Narendra Modi has been working hard to improve India's image, and programmes such as 'Make in India' are an example of that," he said.
Speaking at an event organised here by the University of Wolverhampton, Paul said it is one of UK's best educational institutions and wants to participate in the 'Make in India' programme.
Paul has been the Chancellor of the university since 1999.
Paul is leading a delegation from the university to further strengthen educational and business ties between the two countries.
He also spoke about his meeting with the Human Resource Development Minister Smriti Irani which focused on the nature of association with the Wolverhampton university.
Last week, he also made a donation of one million pound (around Rs 10 crore) to the University of Wolverhampton.
The donation made from the Ambika Paul Foundation, a charitable trust set up by Paul in memory of his daughter, will go towards general upgrade of facilities at the campus in West Midlands of England.
The University of Wolverhampton today signed a Memorandum of Understanding (MoU) with Nepal's International School of Tourism and Hotel Management to help the institution in hospitality and business management studies.
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