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India's Modi woos global investors in infrastructure sector

NEW DELHI, Nov 5 (Reuters) - Indian Prime Minister Narendra Modi urged global investors on Thursday to invest in the country’s infrastructure and manufacturing sector as his government aims to attract up to $1.5 trillion into ports, roads and other projects.

“If you want returns with reliability, India is the place to be,” Modi told a virtual conference of 20 major global investors, including pension funds.

He said India would offer lower tax rates, tax incentives to manufacturers along with ease of doing business, while following a path of fiscal prudence.

Reporting by Manoj Kumar and Nidhi Verma Editing by Gareth Jones

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