India is open for business, but more work needs to be done

Mumbai

IF THERE was one message that Indian Prime Minister Narendra Modi wanted to send to the world last week, it's that there are big investment opportunities in India.

At a flashy week-long event in India's commercial capital, the government showcased the country's business potential to more than 10,000 foreign and domestic companies and more than 65,000 attendees, garnering in excess of US$227 billion in pledges by week's end, organisers of the "Make in India" promotion said.

Mr Modi - the event's visionary and his country's cheerleader in chief - called it the "biggest multi-sector event" ever held in India, and he said that Make in India had become the "biggest brand India …