He also told top German businessmen and industrialists not to go by "old perceptions" but to come to India and feel the change in the regulatory environment.

Read more: PM Modi gifts Madhubani painting to Hannover mayor
Modi's pitch for attracting foreign investors to boost his 'Make In India' initiative came at the inauguration of the Indo-German Business Summit at the Hannover Fair where he and Chancellor Angela Merkel opened the India Pavillion.

At the end, it is his advice to investors to come and feel the change in India’s regulatory environment. Please do not go by old perceptions, Modi urged

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"Make In India is a need...We are confident that our journey to make India a global manufacturing hub cannot be stopped that too by our own rules and regulations. We must and will make corrections wherever (they are) required," Modi said

"All kinds of rating agencies of the world are saying India is the fastest growing economy," he asserted.

Read more: PM Modi woos investors; promises predictable tax regime in India

Merkel said she was impressed with what India is showcasing at the fair. "India is a country with a lot of young people, people who want jobs, want to see their country developed and evolved," she added.

to the cheers of the gathered audience that included top CEOs of companies in both the countries.to the cheers of the gathered audience that included top CEOs of companies in both the countries.
"Once again I invite you to India. I assure you of my personal attention in your success while you are in India," he cited.

Read more: PM Modi meets top German business leaders

Earlier, inaugurating the India Pavillion, Modi affirmed at the India has a huge potential to become a global manufacturing hub and invited the whole world to partner with the fastest growing economy in this endeavour.

"I think Hannover fair would allow us to turn a new chapter in our relationship. Let me assure you that Germany stands ready to develop this partnership," she added.

Read more: PM Modi invites investments, technology to India
After inaugurating the India pavilion, the Prime Minister took a tour of Indian stalls and the rest of the venue. He also offered tea and snacks to the German Chancellor at the 'India Pavilion'.

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