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9th August 2016 Current Affairs Questions and Answers

9th August 2016 Current Affairs MCQs, Quiz, Questions : Current Affairs for August 2016 ,  Daily Multiple Choice Questions (MCQs) for In...

PM visits Masdar City, Abu Dhabi

Prime Minister, Shri Narendra Modi, today visited Masdar City, a planned city project in Abu Dhabi, which relies on solar energy and other renewable energy sources. At a roundtable meeting with business leaders at Masdar city, the Prime Minister made a strong pitch for investment in India, saying that an immediate potential of one trillion dollars worth of investment existed in the country. He said India now had a decisive Government with full majority, and several sectors including insurance, railways, defence manufacturing have been opened up for foreign investment. He touched upon renewable energy, port-led development and low-cost housing as sectors with huge investment potential.
The Prime Minister described India as a land of opportunity. He said 125 crore Indians should be looked upon not just as a market, but also a great power. He said major agencies including IMF and World Bank were in agreement that India is now the fastest growing major economy in the world, with immense possibilities of development. The Prime Minister said that many people were describing the 21st century as Asia's century. He said that if India and UAE work together, they can make this vision of the Asian century a reality. He said UAE would be at the economic focus of the Asian century.