New Delhi. PM Narendra Modi had visited several countries in the past. As it happens, many big leaders of Congress raised the question on social media on that visit of PM Modi, what is India benefiting from these visits of the Prime Minister? So let us tell you what India got from PM Narendra Modi’s foreign visit recently? PM Narendra Modi also visited Cyprus during his last foreign tour. Now two Cyprus companies Interior Navigation Company Limited and Danship and Partners Limited have announced a huge investment in India.
Both Cyprus’ big shipping companies have announced that they are going to invest Rs 10,000 crore in India. Interior Navigation Company Limited has said in its statement that this is the largest foreign direct investment (FDI) in the Indian shipping sector. India’s shipping sector was opened for FDI during the UPA government in 2005, but now the biggest foreign investment has been announced after PM Modi’s visit. PM Narendra Modi visited Cyprus on 15 June. There he had several issues with President Nicos Christodolidase.
A statement related to the decision of Cyprus’s company Interior Navigation Company Limited to invest in India said that all its ships under FDI will run the flag of India. This will increase India’s shipping tonne weight. It has been said by the company that even after FDI, the freight and freight for the import-export of India will remain under its economy. Interior Navigation Company Limited has more than 100 ships. This company holds an important place in the world in terms of maritime trade. The company has offices in many countries.
