$40 bn investment push after PM’s 5-nation trip
Prime Minister Narendra Modi’s recent five-nation visit has helped India secure an investment pipeline worth nearly $40 billion, with several multinational firms committing fresh investments and expansion plans across key sectors.
PM Modi held meetings with chief executives and senior representatives of over 50 global companies during the tour, covering sectors such as semiconductors, logistics, infrastructure, defence, energy and technology. The combined market valuation of these companies is estimated between $2.7 trillion and $3 trillion.
Addressing a press conference, Union minister Piyush Goyal on Thursday said Prime Minister Narendra Modi’s five-nation tour has yielded “concrete outcomes” for the benefit of everyone in the country and slammed Congress leader Rahul Gandhi for calling the prime minister a “traitor”. Goyal listed the outcomes of the prime minister’s just-concluded visit to the UAE, Norway, Sweden, the Netherlands and Italy, and said Modi has returned with “something or the other” for every section in India. During his five-day foreign tour, the prime minister was also conferred three international awards, he added. “On the one hand, the entire world looks upon Prime Minister Modi with immense confidence, on the other, Rahul Gandhi, who has a negative mindset, repeatedly reveals his true nature and character through his words and language,” he added.
Goyal said Rahul Gandhi stooping to hurling abuses at the prime minister in an “extremely petty language” is “truly deplorable”. “Tell me, is the ending of Naxalism an act of gaddari (betrayal)’ or was allowing Naxalism to fester for years under the Congress rule the true act of ‘gaddari’? Would we label the act of enhancing the global prestige of the tricolour as ‘gaddari’? “Or, would we consider it ‘gaddari’ when one travels abroad only to disparage India’s tricolour?” the senior BJP leader asked.
India and the UAE signed seven agreements during PM Modi’s stopover, including a strategic defence partnership framework, energy cooperation deals and a proposed maritime infrastructure project at Vadinar in Gujarat. The UAE also committed investments worth $5 billion across Indian infrastructure and financial sectors. India and the Netherlands elevated bilateral ties to a strategic partnership and unveiled a roadmap covering trade, semiconductors, artificial intelligence, quantum computing, green hydrogen and maritime security.
The visit also produced 17 agreements, including cooperation in critical minerals, renewable energy and defence manufacturing. India and Sweden upgraded relations to a strategic partnership, with both countries endorsing a joint action plan for 2026-2030 focused on green transition, emerging technologies, trade, defence and climate action.
Goyal said Modi has kept the country secure, which reflects his “true patriotism”. “The way the Congress party and the Gandhi family provide patronage to infiltrators, that is ‘gaddari’,” he added.
A major outcome of the tour came in Italy, where India and Italy elevated ties to a “Special Strategic Partnership” after talks between PM Modi and Italian Prime Minister Giorgia Meloni.” Concluding a very productive visit to Italy. My discussions with Prime Minister Giorgia Meloni covered a wide range of sectors,” PM Modi said in a post on X, adding that the upgraded ties would provide “new momentum” to bilateral cooperation.
